Earlier:
Analysts at Citi said Australia's minimum wage increase, layered on top of existing cost pressures, reinforced their call for a fourth RBA rate hike in August to 4.60%. The bank flagged upside inflation risks persisting into the second half, with the wage decision adding to business cost burdens already elevated by the Middle East conflict.
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investingLive Asia-Pacific FX news wrap: Trump indicated a deal within a week. Again.
MFG global markets chief Nagata said the BOJ should hike in June and lay out a clear normalisation path to stabilise bonds, as 10-year yields hit 30-year highs and the yen nears 160.
Citi reiterate forecast for a 25bp RBA rate hike at the Bank's August meeting.
Nvidia CEO Jensen Huang said the company has secured supply for robust AI growth but remains supply constrained, speaking at Computex in Taipei where he reaffirmed a $150bn annual Taiwan investment.
Australia's net trade and flat government spending cloud GDP outlook. Australia's net trade will subtract ~0.8ppt from Q1 GDP as data centre and fuel imports surged and commodity exports fell.
SMBC Nikko warns Japan is one step from a historic yen collapse, citing oil price risk and fiscal loosening, as Finance Minister Katayama pledges action if needed.
Australia widening current account deficit, inventory draw to weigh on Q1 GDP
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