Aussie GDP is key this week - Westpac

Analysts at Westpac noted that London and New York markets are closed for holidays, (Memorial Day in the US and Spring Bank holiday in the UK) and turn to Aussie GDP later in thr week.

Key Quotes:

Australia Q1 company profits and inventories data are out at 11:30am Syd/9:30am Sing/HK and will give guidance for on GDP on Wed. Westpac is expecting -0.5% q/q (consensus +0.4%) on company profits, as mining is hit by commodity prices. We see building inventories down as well, -0.2% (consensus flat). Our GDP forecast ahead of these releases is 0.6% q/q, 2.7% y/y.