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11 May 2015
Australia Apr NAB business sentiment eyed - Westpac
FXStreet (Bali) - Today's focus in Asia will be the Australia Apr NAB business sentiment at 11:30am Syd/9:30am Sing/HK, notes Sean Callow, FX Strategist at Westpac.
Key Quotes
"Today we see Australia Apr NAB business sentiment at 11:30am Syd/9:30am Sing/HK. In Mar the conditions index was +6, confidence at +3. The conditions index has the best correlation with economic activity. Its 20 year average is 4.5. Asia’s data calendar is low key: Malaysia Mar IP and releases due any time this week, including India trade and China monetary aggregates."
"The Eurogroup meeting of EZ finance ministers will meet in Brussels. Greece is not the only agenda item but will of course be the main focus. Neither Greek officials nor European negotiating partners expect any major agreement to emerge from this meeting. Arguably the real crunch time for Greece is not until late June."
Key Quotes
"Today we see Australia Apr NAB business sentiment at 11:30am Syd/9:30am Sing/HK. In Mar the conditions index was +6, confidence at +3. The conditions index has the best correlation with economic activity. Its 20 year average is 4.5. Asia’s data calendar is low key: Malaysia Mar IP and releases due any time this week, including India trade and China monetary aggregates."
"The Eurogroup meeting of EZ finance ministers will meet in Brussels. Greece is not the only agenda item but will of course be the main focus. Neither Greek officials nor European negotiating partners expect any major agreement to emerge from this meeting. Arguably the real crunch time for Greece is not until late June."