Market Commentary and Intraday News
Japan Core Machine Orders Due On Thursday
220 days ago
(RTTNews) - Japan is on Thursday scheduled to release August figures for core machine orders, setting the pace for a busy day in Asia-Pacific economic activity.
Machine orders are expected to fall 2.3 percent on month and 4.6 percent on year after rising 4.6 percent on month and 1.7 percent on year in July.
Japan also will see September results for bank lending, office vacancies and consumer confidence. In August, bank lending was up 1.1 percent on year, while office vacancies were at 9.17 percent and the consumer confidence index saw a score of 40.5.
The Bank of Japan also will release the minutes from its monetary policy meeting on September 18 and 19. At the meeting, the bank kept rates on hold at 0 to 0.1 percent.
South Korea's central bank will conclude its monetary policy meeting and then announce its decision on interest rates. The bank is expected to trim rates by 25 basis points, from 3.00 percent to 2.75 percent.
Australia will provide September numbers for unemployment, plus October consumer inflation expectation data. The unemployment rate is called at 5.3 percent, up from 5.1 percent in August. The employment change is expected to add 5,000 jobs after losing 8,800 in the previous month. Inflation was seen at 2.4 percent in September.
Indonesia's central bank will finish off its monetary policy meeting and announce its decision on interest rates. The bank is widely expected to keep rates on hold at 5.75 percent.
Malaysia will release August figures for industrial production and manufacturing production. Industrial output is expected to be flat on month and dip 1 percent on year after shedding 4.7 percent on month and rising 1.4 percent on year in July. Manufacturing production was down 3.4 percent on month and up 5.5 percent on year in July.
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