Market Commentary and Intraday News

Japan Data On Tap For Tuesday

256 days ago

(RTTNews) - Japan is scheduled to release a raft of data on Tuesday, highlighting a modest day for Asia-Pacific economic activity. On tap are August figures for machine tool orders and money stock, as well as Q3 numbers for large manufacturing.

Machine tool orders were down 6.7 percent on year in July. M2 money stock is expected to rise 2.3 percent on year after adding 2.2 percent in June. M3 is called unchanged at 1.9 percent. The large manufacturing index was down 5.7 percent on quarter, while the all industry index was down 3.1 percent.

New Zealand will announce August data for credit card spending, with analysts expecting an increase of 0.8 percent on month and 1.0 percent on year. That follows the 0.6 percent monthly contraction and the 0.8 percent yearly decline in July.

Australia will provide the August results of the NAB business survey for confidence and conditions. Confidence saw a score of 4 in July, while conditions were at -3.

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