The Reserve Bank of New Zealand kicks it all off today
Due at 2100GMT - RBNZ Financial Stability Report
- Published every six months
- The FSR assesses & reports on the soundness and efficiency of the New Zealand financial system
- Media conference and appearance in parliament from governor Wheeler later (see below)
2300GMT - RBNZ governor Wheeler will conduct a press conference at 11am local time
2301GMT - UK data - GfK consumer confidence for May
- expected -8, prior -7
Also at 2301GMT from the UK - BRC Shop Price Index for May
- expected -0.3% y/y, prior -0.5%
- This indicator has been showing persistent deflation
2350GMT - Japan - Industrial Production for April, preliminary reading
- expected +4.2% m/m, prior -1.9%
- expected +6.1% y/y, prior +3.5%
- I'll have a bit more to come ahead of this (on a separate post)
0100GMT - New Zealand - ANZ business confidence and activity outlook for May
- priors 11.0 and 37.7 respectively
- For the April results, ANZ said "business confidence is well off its peak, survey indicators are still pointing to solid growth" ... and quite solid too, further from ANZ: "Our composite growth indicator is pointing to 3½-4% growth"
0100GMT - China - Manufacturing and non-manufacturing PMIs for May
- Manufacturing, expected 51.0, prior 51.2
- Non-manufacturing prior 54.0
- These are expected to be lower in May than April, early sings pointing to a cooling growth picture in China for May
0110GMT - RBNZ governor Wheeler appears before a parliamentary committee
0130GMT - Australia - Private Sector Credit for April
- expected +0.4% m/m, prior +0.3%
- expected +4.9% y/y, prior +5.0%
- Private credit growth slowed in Q1 of 2017, (0.3% per month on average)
- Business credit fell -0.5% over Q1 (following a huge surge in Q4 of 2016 of +2.2% q/q)
- Eyes are on housing credit, which is expected to grow still, but then fall from May in response to bank's setting out of cycle rate increases and also tighter lending conditions imposed by regulators
