The big event in Australia today is the Reserve Bank of Australia (RBA) monetary policy meeting and announcement. the announcement is due at 1430 local time (0430GMT) and while there is no change in the cash target rate to be announced, the accompanying statement will be keenly watched, with some chatter about that the RBA may resume their talking down of the currency. I’ll have more of a preview soon.
On the data due front …
Quarterly Balance of Payments Current Account Balance at 0130GMT
- expected is -7.0bn, prior was -10.1bn
Retail Sales for April,
- expected is 0.3%m/m, prior was +0.1%
We also get China’s HSBC Manufacturing PMI for May (the official version showed an improvement, announced over the weekend), and the official non-manufacturing PMI.
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Hmm … so I see this post has doubled-up. Grrrrr….