Week Ahead Data - China 1-Year MLF & Apr Activity Data, Along With BSP In Focus

The week ahead sees China 1-Year MLF cross today, before the monthly economic activity data tomorrow.

• China - China 1-Year MLF cross today no change is expected to the facility rate. The facility volume is expected to drop to 100.0bn yuan. On Tuesday Apr Industrial Production (10.8% Y/Y), Retail Sales (22.0% Y/Y), Fix Assets Rural (5.7% Y/Y) and Property Investment (-5.7% Y/Y) as well as Surveyed Jobless Rate (5.3%) will cross. All are expected to show improvement on Mar outcomes. Further out on Wednesday we have April New Home Prices.
• South Korea - Tomorrow sees April terms of trade cross, this is the only data of note this week.
• Taiwan - Q1 BoP Current Account Balance is due on Thursday.
• Singapore - On Wednesday Exports data will cross. Non-oil Domestic Exports are expected to fall 3.1% M/M. Electronic Exports is also published, there is no estimate though.
• India - Today's Wholesale Prices (exp -0.40% Y/Y) and Trade Balance (no estimate) are the only data releases this week.
• Indonesia - Apr Trade Balance, which is due today, is the only data on the wires this week. A surplus of $3.332bn is expected.
• Thailand - Q1 GDP provides the highlight today, 1.8% Q/Q and 2.3% Y/Y prints are expected.
• Malaysia - On Thursday Aprils Trade Balance will cross, a surplus of MYR21.25bn is forecast.
• Philippines - The BSPs latest monetary policy decision on Thursday is the highlight of the week. The bank is forecast to hold the borrowing rate steady at 6.250% as well as the Stand Overnight Deposit rate at 5.750%. Before then we are scheduled to get overseas cash remittances for Mar (3.3% y/y expected, 2.4% prior).