Key Events: Awaiting U.S. Open - Westpac
Analysts at Westpac noted that the Asian data calendar is light.
"Indonesia Q1 GDP is expected to be stable at 5.1% y/y.
Signals for Apr nonfarm payrolls have so far been more constructive and we should see forecasts for Friday’s number finalised. US ADP employment is seen at 195k, coming after a 200k gain in Mar.
The median forecast for Apr ISM non-manufacturing is a rise to 54.8 and the employment sub-index will be watched for guidance on the official jobs data. Mar trade balance and factory orders are also due."