Australia’s April AIG Construction Index 55.9 (last 56.5). March Retail Sales 1.6% m/m (expected 0.6%; last 1.8%) and March Home Loans 0.9% m/m (expected -2.0%; last -4.7%)
New Zealand’s Q1 Employment Change 0.1% qtr/qtr, as expected (last 0.1%). Q1 Labor Cost Index 0.7% qtr/qtr, as expected (last 0.7%); 3.1% yr/yr, as expected (last 2.8%). Q1 Participation Rate 70.9% (expected 71.1%; last 71.1%)
Executives from HSBC and Ping An will reportedly discuss a proposal for a spinoff of HSBC’s Asian unit or other strategic options later this month.
North Korea reportedly conducted its 14th missile test of the year.
The Reserve Bank of India unexpectedly raised its repurchase rate by 40 bps to 4.4%.