Japan Consumer Confidence Index fell from previous 41.7 to 40.8 in April

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May 9, 2016

China: Imports disappoint; domestic demand wavers - Nomura

Research Team at Nomura, notes that the Chinese export growth declined to -1.8% y-o-y in April after a strong rebound to 11.5% in March but the March rebound was mainly due to base effect.

RBNZ to deliver one more rate cut, most likely in June - Westpac

Imre Speizer, Senior Market Strategist at Westpac, notes that the market pricing for the OCR low fell sharply last week after the RBA surprised the market but cutting its cash rate from 2.0% to 1.75%, and then signalled more to come (via its slashed inflation forecast).