The Bank of Japan will on Wednesday results Q2 results for its quarterly Tankan survey of business sentiment, highlighting a busy day for Asia-Pacific economic activity.
The large manufacturers’ index is expected to see a score of -31, down from -8 previously. The outlook is called at -24, down from -11. All industry capex is seen higher by 2.1 percent, up from 1.8 percent in the three months prior.
Japan also will see June figures for its consumer confidence index; in May, the index score was 24.0.
South Korea will see June numbers for imports, exports and trade balance. Imports are expected to slide 9.6 percent on year after plunging 21.1 percent in May. Exports are called lower by an annual 7.8 percent after plummeting 23.7 percent in the previous month. The trade balance is predicted to show a surplus of $1 billion, up from $0.44 billion a month earlier.
New Zealand will see May data for building permits; in April, the number of permits issued was down 6.5 percent on month.
Australia will see May numbers for building permits and June results for the Performance of Manufacturing Index from AiG. Permits are tipped to slide 10.0 percent on month after sinking 1.8 percent in April. The manufacturing index had a score of 41.6 in May.
Indonesia will provide Q1 numbers for business confidence and June inflation figures. In the previous three months, the business confidence index score was 104.82. Overall inflation is tipped to rise 0.02 percent on month and 1.84 percent on year after gaining 0.07 percent on month and 2.19 percent on year in May. Core CPI is pegged at 2.46 percent on year, slowing from 2.65 percent in May.
Thailand will release June results for its business confidence index; in May, the index score was 34.4.
A number of regional countries will see June results for their respective manufacturing PMIs, including China, Indonesia, Japan, Malaysia, Myanmar, the Philippines, South Korea, Taiwan, Thailand and Vietnam.
Finally, the markets in Hong Kong are closed on Wednesday for Region Establishment Day and will re-open on Thursday.
The material has been provided by InstaForex Company – www.instaforex.com
- Gold Futures Settle Lower For The Day, But Posts Weekly Gain Again - July 10, 2020
- EU's Michel Lays Out Long-term Budget & Recovery Plan - July 10, 2020
- Bank Of Italy Sees Around 9.5% GDP Contraction This Year On Covid-19 - July 10, 2020