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From Australia, yesterday, ANZ Job Advertisements figures were released. Job advertisements fell 0.8% m/m in April and remain broadly unchanged since October last year. In trend terms, job ads fell for the third consecutive month, down 0.2% m/m in April. The number of internet job ads fell 0.7% m/m in April and the more volatile newspaper component dropped 6.2% m/m.

Over the weekend, China's Trade Balance figures were released. Trade figures out of China on Sunday were clearly disappointing. Both exports and imports fell more than expected last month, underlining weak demand at home and abroad and dimming hopes of a recovery in the economy. Yet, the Australian dollar, often used as a liquid proxy for China plays, managed to shrug off the data.

 

From Australia yesterday, China CPI and PPI figures will be released. CPI is expected to increase by 2.3%, while PPI should fall by 3.8%. There will be no major data releases in the US part of the session.

 

Figures to watch:

 

China's CPI/PPI (Tuesday 3:30)

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