Coming up on the data agenda for the Asian session ahead:

0030 GMT Australia – Westpac Consumer Confidence Index for May

  • prior -0.9% m/m

  • the weekly consumer confidence surveys have shown persistent net pessimism, this monthly indicator will confirm

Of more focus is:

0130 GMT China inflation figures for

  • China CPI expected 0.2% y/y, prior 0.0%

  • PPI expected 7.7% y/y, prior 8.3%

  • The PPI has been sitting at elevated levels but, so far, flow-through to consumer price rises has not been notable

  • Low CPI leaves plenty of space for further People's Bank of China monetary supportive measures.