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Asia week ahead: Australia reports inflation while China releases latest PMI readings
The week ahead features Australia’s inflation and China’s PMI. Meanwhile, India’s GDP is due for release, alongside industrial production reports from Japan and South Korea. China's PMI and industrial profit reports Industrial data will be the focus of the upcoming week in China, starting off with April industrial profits data next Monday. After several consecutive months of stronger-than-expected industrial production, a further decline in profits could be a sign of price competition – though markets will be hoping to see a rebound in profits to indicate that the year-on-year contraction in March’s numbers ... (full story)