Australian Westpac Consumer Confidence Change (May) 3.5% vs. Exp. -1.1% (Prev. -12.5%)
The Australian Westpac Consumer Confidence rose sharply to 3.5% in May, significantly beating expectations of a -1.1% and reversing the previous month's decline of -12.5%.
Israeli media says the main reason US President Trump postponed attacks on Iran is the Pentagon's warning that Iran is strengthening its air defences, according to Al Mayadeen
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Largan Precision (3008 TT) April (TWD) net rose 88.54% Y/Y to 1.831bln
Australian Westpac Consumer Confidence Change (May) 3.5% vs. Exp. -1.1% (Prev. -12.5%)
PBoC is expected to set USD/CNY mid-point at 6.7909 (prev. 6.8435)
[MARKET UPDATE] Mostly positive start to Asia-Pac trade following US President Trump's announcement to hold off on striking Iran, which was initially planned for Tuesday, after a request from Saudi Arabia, UAE and Qatar
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This robust improvement suggests increasing consumer optimism, which could have positive implications for spending and, consequently, economic growth in Australia.
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