Wednesday, 6th June, 2018

Australian data kick off the short week with Q1 Balance of Payments due early this afternoon and then the RBA makes its policy decision later in the day. We expect no change from the RBA and a neutral policy message. Overnight, we expect a modest price increase at the GlobalDairyTrade auction. Q1 Australian GDP then highlights Wednesday. However, financial markets are likely to remain focused on European political developments following the last-minute deal to form an Italian government and the ousting of Spanish Prime Minister Mariano Rajoy.

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