China Inflation Data Due On Friday

RTTNews | 804 dias atrás
China Inflation Data Due On Friday

(RTTNews) - China will on Friday release May numbers for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity. In April, consumer prices were down 0.1 percent on month and up 0.1 percent on year, while producer prices sank 3.6 percent on year.

South Korea will provide April figures for current account, with forecasts suggesting a deficit of $1.38 billion following the $0.27 billion surplus in March.

Malaysia will see April data for industrial production and unemployment. In March, industrial production was up 3.1 percent on year and the jobless rate was 3.5 percent.

Japan will release May numbers for its M2 money stock, with forecasts calling for an increase of 2.7 percent on year - up from 2.5 percent in April.

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The Hong Kong stock market on Wednesday ended the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just above the 25,165-point plateau although it may open under water on Thursday.
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The China stock market bounced higher again on Wednesday, one day after ending the two-day winning streak in which it had gained more than 60 points or 1.7 percent. The Shanghai Composite Index now sits just beneath the 3,770-point plateau although it may open under pressure again on Thursday.
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