Data from China and Australia the focus today.
2350 GMT Japan - PPI for April
- expected 1.1% y/y, prior 1.3%
- expected 0.2% m/m, prior 0.3%
2350 GMT Japan - International securities flows for the week
0130 GMT China house prices for April. With diminished expert markets China is looking to boost domestic demand with stimulus. Oftentimes stimulus spills over onto funds for property speculation. Eyes on this data.
0130 GMT Australia employment report for April.
Preview of this earlier:
- Employment Change: expected 15K, prior 25.7K
- Unemployment Rate: expected 5.0%, prior 5.0%
- Full Time Employment Change, prior was 48.3K
- Part Time Employment Change, prior was -22.6K
- Participation Rate, expected is 65.7%, prior 65.7%
I'll have more to come on this separately
Also at 0130GMT from Australia are data for the Reserve Bank of Australia's FX transactions. This is useful when the RBA has been on the intervention warpath. But they haven't been so it isn't.
0245 GMT Reserve Bank of Australia speaker - Michele Bullock, Assistant Governor (Financial System), at the ASIC Annual Forum. I haven't got a topic.
