Morning Market Update – Slow Start for the Week

With only a hand full of data releases so far, we see a quiet morning and we do not expect any major impact for the day. South Korea Producer Price Index Growth (YoY) dropped down to 4% in April from a previous score of 4.2% and United Kingdom Rightmove House Price Index (MoM) went up to 1.2% this month from a previous score of 1.1%.

United Kingdom Rightmove House Price Index (YoY) went up from a previous 2.2% to 3% this month. Japanese Exports (YoY) was registered at 7.5% and went down below the forecasted values (7.8%) in April. Japanese Imports (YoY) came in at 15.1% and went above expectations (14.8%) in April.

Japan Adjusted Merchandise Trade Balance dropped down to ¥97.6B in April from a previous score of ¥172.202B. The People’s Bank of China (PBOC) set the Yuan reference rate at 6.8673 versus Friday’s fix of 6.8786. There are no major releases for the day apart from the Chicago Fed National Activity Index and we expect a quiet day as the markets are looking for a direction in the week ahead.
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