CANBERA (dpa-AFX) - China will on Thursday release June figures for imports, exports, trade balance and new yuan loans, setting the pace for a busy day in Asia-Pacific economic activity.
Imports are expected to rise 5.6 percent on year after easing 1.6 percent in May. Exports are called higher by 10.2 percent after gaining 7.0 percent in the previous month. The trade balance is expected to reflect a surplus of $36.95 billion, up from $35.92 billion a month earlier. Yuan loans are expected total 950.0 billion, up from 870.8 billion in May.
Japan will provide May numbers for machine orders and tertiary industry, as well as June data for domestic corporate goods prices and consumer confidence.
Machine orders are tipped to add 0.7 percent on month and 10.1 percent on year after tumbling 9.1 percent on month and climbing 17.6 percent on year in April.
The tertiary industry index is expected to gain 1.7 percent on month after tumbling 5.4 percent in April. The domestic price index is tipped to add 0.1 percent on month and 4.5 percent on year after gaining 0.3 percent on month and 4.4 percent on year in May. The consumer confidence index is expected to rise to 40.3 from 39.3 in May.
Australia will release June unemployment figures, with the jobless rate expected to rise to 5.9 percent from 5.8 percent in May. The Australian economy is tipped to have added 12,000 jobs following the loss of 4,800 jobs in the previous month.
The Bank of Korea will close out its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep rates on hold at 2.50 percent.
New Zealand will see June results for the Performance of Manufacturing Index from Business NZ; the index saw a score of 52.7 in May.
The Malaysia central bank will conclude its monetary policy meeting and announce its decision on interest rates; the bank is widely expected to keep rates on hold at 3.00 percent.
Malaysia also will see May results for industrial and manufacturing production. Industrial output is expected to fall 1.3 percent on month and gain 3.5 percent on year after rising 3.6 percent on month and 4.2 percent on year a month earlier. Manufacturing production climbed 4.1 percent on month and 4.0 percent on year in April.
The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates; the central bank is widely expected to keep rates on hold at 7.50 percent.
Copyright RTT News/dpa-AFX
© 2014 AFX News
