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4 May 2016
Key events: awaiting U.S. open - Westpac
Analysts at Westpac noted that the Asian data calendar is light.
Key Quotes:
"Indonesia Q1 GDP is expected to be stable at 5.1% y/y.
Signals for Apr nonfarm payrolls have so far been more constructive and we should see forecasts forFriday’s number finalised. US ADP employment is seen at 195k, coming after a 200k gain in Mar.
The median forecast for Apr ISM non-manufacturing is a rise to 54.8 and the employment sub-index will be watched for guidance on the official jobs data. Mar trade balance and factory orders are also due."
Key Quotes:
"Indonesia Q1 GDP is expected to be stable at 5.1% y/y.
Signals for Apr nonfarm payrolls have so far been more constructive and we should see forecasts forFriday’s number finalised. US ADP employment is seen at 195k, coming after a 200k gain in Mar.
The median forecast for Apr ISM non-manufacturing is a rise to 54.8 and the employment sub-index will be watched for guidance on the official jobs data. Mar trade balance and factory orders are also due."