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Japan Leading Index Data Due On Wednesday
(RTTNews) - Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
The leading index is expected to slip 0.3 percent on month after climbing 2.2 percent in September. The coincident is seen higher by 2.5 percent on month after rising 1.3 percent in the previous month.
Japan also will see November numbers for producer prices, with forecasts suggesting an increase of 3.0 percent on year, up from 2.9 percent in October.
Most of the region is off on Wednesday for the Christmas Day holiday, including South Korea, Malaysia, Singapore, Hong Kong, Indonesia, Australia and New Zealand.
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European Economic News Preview: UK Inflation Data Due
Inflation from the UK is the major economic news due on Wednesday on an otherwise light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for September. Inflation is forecast to ease to 3.8 percent from 4.0 percent in August.
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