Week Ahead Data: India CPI, China 1-Year MLF & Monthly Activity Data Headline

The week ahead sees India May CPI cross today and China's 1-Year MLF and monthly activity data cross on Thursday.

• China - The docket is empty until Thursday when 1-Year MLF is scheduled, there is no change expected in the rate at 2.75% with volume expected to ticket higher to CNY225.0bn from CNY 125.0bn. Also on Thursday we have the monthly activity data release for May, which is highlighted by Industrial Production (exp 3.5% Y/Y). Also due is Retail Sales (exp 13.7% Y/Y), Property Investment YTD (exp -6.6%), Fixed Assets Ex Rural YTD (4.4% Y/Y) and the Surveyed Jobless Rate (5.2%). May Money Supply and Year to Date FTD is scheduled to cross some time this week.
• South Korea - On Wednesday we May Trade Data and April Money Supply, there is no estimate for either release. Also scheduled for Wednesday is May Unemployment Rate, the market is expecting the rate to tick higher to 2.7% from 2.6%.
• Taiwan - Wednesday's CBC Benchmark Interest Rate is due on Wednesday, there is no estimate at this stage and the prior rate at 1.875%.
• Singapore - May Export Data, which is due on Friday, is the only data release this week. Non-Oil Domestic Exports are estimated to have fallen 1.1% M/M and 7.6% Y/Y. Electronic Exports is also due, there is no estimate for the release.
• Indonesia - On Thursday Trade Balance for May crosses and is the only data of note this week. A surplus of $2.687bn is expected, the prior surplus was $3.94bn.
• Thailand - Weekly Foreign Reserves data on Friday is the only data due, there is no estimate.
• Philippines - Overseas Cash Remittances is due to cross this week, an uptick to 3.6% Y/Y is expected. The prior read was 3.0%.
• India - May CPI (exp 4.37& Y/Y) and April Industrial Production (exp 1.5% Y/Y) cross today. Further out on Wednesday we have May Wholesale Prices, a fall of 2.50% Y/Y is expected. Thursday's trade balance rounds off the week's docket, a deficit of $16.5bn is forecast.