Macro Data Impacting Asia May 17 -21 China data key but also Japan GDP, Trade and Inflation data

This and previous notes can be found at asianmarketsense.com
Check out  ERI-C.com ; for your research needs

Quite light for Asian data this week but China data on Monday and Japan’s GDP data on Tuesday, Trade Data Thursday plus Inflation and Flash PMI Friday are the highlights. China also releases it Loan Prime Rate on Thursday but no change expected. A broken trading week with S Korea, HongKong closed Wednesday for Budda’s Birthday.
In Europe; Flash PMI out Friday for most countries. Ahead of that employment data for the EU and UK along with Eurozone GDP and Inflation data. UK Inflation, PPI and Retail Sales in focus.
German PPI and the Bundesbank Report.
US Housing data, FOMC minutes and Flash PMI’s in addition to the normal weekly data.
US Retail earnings in focus this week with Walmart and Home Depot will report Tuesday. Target, TJX and Lowe’s release results Wednesday, and B.J.’s Wholesale and Kohl’s on Thursday. We also get the Fed minutes and a number of Fed speakers in focus.

Monday 17 May 
AUSTRALIA  
Consumer Inflation Expectations
JAPAN 
PPI, Machine Tool Orders
S KOREA No data due  
TAIWAN No data due  
CHINA China House Prices, NBS Press Conference, Retail Sales, Industrial Production, Unemployment and Fixed Asset Investment
HONG KONG No data due  
EUROZONE No data due  
GERMANY No data due  
FRANCE No data due  
UK No data due  
US NY Empire State Manufacturing Index, NAHB Housing Market Index, Foreign Bond Investments, Overall Net Capital Flows, Net Long-term Tic Flows.
Earnings : Hostess Brands, Lordstown Motors, Tencent

Tuesday 18 May
AUSTRALIA  
RBA Meeting Notes
JAPAN GDP Data (Rate, Annualised, Price Index, Capital Expenditure, External Demand, Private Consumption) Tertiary Index
S KOREA No data due  
TAIWAN No data due
CHINA No data due
HONG KONG No data due  
EUROZONE Balance of Trade, Employment Change, GDP Growth Rate
GERMANY No data due
FRANCE No data due  
UK  No data due
US Housing Starts, Building Permits, Redbook, API Crude Oil Stock Change
Earnings Walmart, Home Depot, Macy’s, Baidu, Take-Two Interactive, Trip.com, NetEase

Wednesday 19 May
AUSTRALIA  
Consumer Confidence (Index and Change) Wage Price Index
JAPAN Industrial Production, Capacity Utilisation
S KOREA 
No data due
TAIWAN No data due  
CHINA 
No data due  
HONG KONG 
No data due  
EUROZONE 
New Car Registrations, ECB Financial Stability Review, Core Inflation Rate, Inflation Rate.
GERMANY 
No data due  
FRANCE 
No data due  
UK 
Inflation Rate, Core Inflation Rate, PPI Core Output, Retail Price Index, PPI Output and Input,
US MBA Mortgage Applications and 30 yr Mortgage Rate, EIA Oil Report, FOMC minutes.
Earnings Target, Lowe’s, JD.Com, Cisco, Shoe Carnival, TJX, Eagle Materials, Analog Devices, L Brands

Thursday 20 May 
AUSTRALIA  
Part time & Full time Employment Change, Employment Change, Unemployment Rate, Participation Rate.
JAPAN Tankan Index, Balance of Trade, Export, Imports, Machinery Orders,Foreign Stock and Bond Investment
S KOREA No data due
TAIWAN 
Export Orders, Current Account.
CHINA Loan Prime Rate 1 and 5 year.
HONG KONG 
Unemployment Rate
EUROZONE 
Current Account, Construction Output
GERMANY No data due  
FRANCE 
No data due
UK CBI Industrial Trends Orders
US Philadelphia Fed Manufacturing Index, Initial Claims, 4 week Average Claims, Continuing Claims, EIA Natural Gas Report,  CB Leading Index.
Earnings BJ’s Wholesale, Kohl’s, Petco, Ralph Lauren, Applied Materials, Ross Stores, Deckers Outdoor, Hormel Foods, Palo Alto Networks

Friday 21 May
AUSTRALIA  
Manufacturing, Service and Composite Flash PMI, Retail Sales.
JAPAN Inflation Rate, Core Inflation Rate, Inflation Ex Food & Energy, Manufacturing, Service and Composite Flash PMI
S KOREA PPI
TAIWAN 
No data due
CHINA No data due  
HONG KONG 
Inflation Rate
EUROZONE Manufacturing, Service and Composite Flash PMI, Consumer Confidence Flash,
GERMANY 
Manufacturing, Service and Composite Flash PMI, Bundesbank Monthly Report,
FRANCE 
Manufacturing, Service and Composite Flash PMI
UK 
Retail Sales, Manufacturing, Service and Composite Flash PMI
US Existing Home Sales,Baker Hughes Rig Count.
Earnings Deere, Foot Locker, Buckle, VF Corp, Booz Allen Hamilton