New Zealand data today is expected to show strong inflationary pressure

Due at 0100 GMT are the flash readings for the ANZ business survey for April (i.e. preliminary results)

• Business Confidence prior -4.1

• Activity Outlook prior 16.6

A couple of snippets from previews, BNZ:

• expected to show strong inflationary pressure alongside middling activity indicators.

Westpac:

• April is likely to see a deterioration in the ANZ Business Outlook survey and a continued divergence across sectors.
• In late March, the Government announced major interventions in the housing market. These changes are likely to be a drag on house prices and confidence.