Japan is scheduled to release a raft of data on Monday, highlighting a busy day for Asia-Pacific economic activity. On tap are final Q1 figures for gross domestic product, as well as April numbers for current account and May data for bank lending, consumer confidence and the eco watchers survey.
Little change is expected from last month's preliminary reading for GDP that suggested an increase of 0.9 percent on quarter and 3.5 percent on year. The current account is expected to show a surplus of 350.0 billion yen, down from 1,251.2 billion yen in March. Bank lending was up 2.1 percent in April. The consumer confidence index is expected to rise to 44.7 from 44.5 in April. The eco current survey is tipped to ease to 56.1 from 56.5 in the previous month, while the outlook survey is expected to fall to 57.1 from 57.8.
New Zealand will release Q1 numbers for manufacturing volume activity; in the previous three months, it was up 1.5 percent on quarter.
Finally, the stock markets in Australia are closed on Monday in observance of the Queen's birthday; they will re-open on Tuesday.
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