Hong Kong’s Q1 GDP 5.3% qtr/qtr, as expected (last 0.0%); 2.7% yr/yr, as expected (last -4.2%)
New Zealand’s April Business PMI 49.1 (expected 50.7; last 48.1) and March Visitor Arrivals -2.9% m/m (expected 106.2%; last 0.6%). Q2 Business Inflation Expectations 2.8% qtr/qtr (last 3.3%)
Trade ministers from China and Australia held their first in-person conversation since 2019.
National Security Advisor Jake Sullivan met with China’s top diplomat Wang Yi for two days in Austria.
Honda and Nissan reported strong results for the quarter.