CANBERA (dpa-AFX) - Australia will on Wednesday release December numbers for trade balance and building approvals, highlighting a busy day for Asia-Pacific economic activity.
The trade balance is expected to show a deficit of A$2.450 billion, up from the A$2.906 billion shortfall in November. Building approvals are expected to add 4.5 percent on month and 7.2 percent on year after slipping 12.7 percent on month and 8.4 percent on year in November.
China will see January results for the services and composite PMIs from Caixin; in December, the scores were 50.2 and 49.4, respectively.
Japan also will see January results for the services and composite PMIs from Nikkei; in December, the scores were 51.5 and 52.2, respectively.
Japan also will see January results for its consumer confidence index; in December, the index score was 42.7.
Singapore and Hong Kong will see January results for the manufacturing PMIs from Nikkei; in December, their scores were 52.1 and 46.4, respectively.
The central bank in Thailand will wrap up its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep its benchmark lending rate unchanged at 1.50 percent.
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