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Australia Unemployment Data Due On Thursday

Australia will on Thursday release unemployment numbers for April, highlighting a busy day for Asia-Pacific economic activity.

The jobless rate is expected to hold steady at 5.0 percent, with the addition of 15,000 jobs following the 25,700 spike in March. The participation rate is called steady at 65.7 percent.

Australia also will see consumer inflation expectations for May; in April, the forecast suggested an increase of 3.9 percent on year.

China will see April numbers for new home prices; in March, new home prices were up 0.6 percent on month.

Japan will provide April data for producer prices, with forecasts suggesting an increase of 0.2 percent on month and 1.1 percent on year. That's down from 0.3 percent on month and 1.3 percent on year in March.

Malaysia will release Q1 numbers for gross domestic product and current account. In the three month prior, GDP was up 1.4 percent on quarter and 4.7 percent on year, while the current account surplus was 10.8 billion ringgit.

The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep its benchmark lending rate steady at 6.00 percent.

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