Marco Data Impacting Asia May 31 - 4 June

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Globally covid concerns remain and whilst the situation in India is improving; concerns remain. Another concern is the USD weakness and the surge in commidities hard and soft.


A busy week; Japan, S Korea, Taiwan, China and Australia releasing PMI data.
Japan Monday pre market Industrial Production Retail Sales then later Consumer Confidence, Housing Starts and Construction Orders. Tuseday Capital Spending and Friday Household Spending.
S Korea Monday pre market Construction Output, Industrial & Manufacturing Production then later in the week Trade & Inflation data
Taiwan later in the week GDP Growth Rate and Foreign Reserves
Australia Housing data, GDP, Trade data, Retail Sales amongst the data to be released.
will be on the May Jobs report but there is also important ISM data on the manufacturing and services sector activity along with the Beige Book. Also in focus will be the amount of liquidity in the system and the amount of cash being placed with the Fed.
Loans and Inflation data along with PMI data (Manufacturing, Services and Construction), retail sales.

Monday 31 May
Private Sector Credit,
Industrial Production, Retail Sales, Consumer Confidence, Housing Starts and Construction Orders.
S KOREA Industrial Production, Construction Output and Retail Sales  
TAIWAN No data due  
CHINA Manufacturing and Non Manufacturing PMI
HONG KONG No data due
EUROZONE Loans to Households, Loans to Companies, M3 Money Supply
GERMANY Inflation Rate
FRANCE No data due  
UK No data due Market closed
US No data due Market closed 

Tuesday 1 June 
Manufacturing Index, Manufacturing PMI, Inflation Gauge, Building Permits, Company Gross Profits, Current Account and RBA Interest Rate Decision.
JAPAN Capital Spending, Manufacturing PMI  
S KOREA Balance of Trade, Exports and Imports, Manufacturing PMI
TAIWAN Manufacturing PMI
CHINA Caixin Manufacturing PMI
HONG KONG Retail Sales
EUROZONE Manufacturing PMI, Core Inflation Rate, Inflation Rate, Unemployment  
GERMANY Manufacturing PMI, Unemployment data
FRANCE Manufacturing PMI, New Car Registrations
UK Manufacturing PMI, Nationwide Housing Prices
US Manufacturing PMI, Construction Spending, IBD/TIPP Economic Optimism, ISM Manufacturing Data (PMI, Employment, New Orders, Prices) Dallas Fed Manufacturing Index, Logistics Managers Index Current, Total Vehicle Sales (after market).
Fed Speakers Quarles and Brainard
Earnings Canopy Growth, Hewlett Packard Enterprise, Ambarella, Zoom Video

Wednesday 2 June  
GDP Data (Growth Rate, Capital Expenditure, Final Consumption, Deflator), RBA Chart Pack
JAPAN No data due  
Inflation Rate
TAIWAN No data due  
No data due  
No data due  
Retail Sales
Budget Balance
BoE Consumer Credit, Mortgage Lending, Mortgage Approvals, Net Lending to Individuals
US MBA Mortgage Applications and 30 yr Mortgage Rate, Redbook, Beige Book, API Crude Oil Stock Change.
Fed Speakers Harker, Bostic, Evans and Kaplan
Earnings: Advance Auto Parts, Lands’ End, NetApp, Splunk, Cloudera, PVH,

Thursday 3 June
Construction Index, Services and Composite PMI, Balance of Trade, Exports, Imports and Retail Sales.
JAPAN Foreign Stock and Bond Investment, Services and Composite PMI
S KOREA Foreign Exchange Reserves
No data due
CHINA Caixin Services and Composite PMI,
No data due
Services and Composite PMI,
GERMANY Services and Composite PMI,
Services and Composite PMI,
UK Services and Composite PMI,
US Challenger Job Cuts, ADP Employment Change, Initial Claims, 4 week Average Claims, Continuing Claims, Services and Composite PMI, ISM Non Manufacturing Data (PMI, Employment, New Orders, Prices), EIA Oil Report, EIA Natural Gas Report.
Fed Speakers Bostic, Kaplan, Harker and Quarles.
Earnings: Broadcom, Lululemon Athletica, Five Below, Hovnanian, Express, J.M. Smucker, DocuSign, Cooper Cos, CrowdStrike 

Friday 4 June
Home Loans, Investment Lending for Homes
JAPAN Household Spending.
S KOREA No data due  
GDP Growth Rate, Foreign Exchange Reserves
CHINA No data due  
No data due
EUROZONE Construction PMI, Retail Sales
Construction PMI, New Car Registrations
Construction PMI, Retail Sales
New Car Sales, Construction PMI
US Non Farm Payrolls, Unemployment Rate, Average Weekly Hours, Average Hourly Earnings, Participation Rate, Factory Orders, Baker Hughes Rig Count.
Fed Speakers Chairman Powell on central banks and climate change