Upcoming data for release today:
- 0030GMT Australia TD Securities/Melbourne Institute Inflation Gauge. Prior 0.2% m/m and 2.1% y/y
- 0130GMT Australia retail sales for March. Prior was 1.3%, expected is 0.1% (seasonally adjusted m/m figures). The retail sales figures are going to be the most important of the Australian data releases today. Any result above expectations is going to cause the market to rethink the prospects for an RBA rate cut tomorrow.
- Also at 0130GMT is Australian ANZ Job Advertisements for April. Prior was -1.5 %
- At 0145GMT out of China we get the HSBC Services PMI. Prior was 54.3