Japan GDP Data Due On Monday

RTTNews | vor 1 Tagen

(RTTNews) - Japan will on Monday release Q1 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to slip 0.2 percent on quarter and rise 0.5 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three months prior.

Japan also will see April figures for current account and May results for bank lending and for the eco watchers survey. The current account showed a surplus of 3.678 trillion yen in March. Overall bank lending was up 2.4 percent on year in Aoril, while the eco watchers score was 42.6.

New Zealand will see Q1 data for manufacturing sales volume; in the previous three months, volume was up 1.1 percent on quarter.

Singapore will provide Q1 numbers for unemployment, with forecasts pinning the jobless rate at 2.1 percent - up from 1.9 percent in the previous quarter.

China will release May figures for consumer prices, imports, exports and trade balance. In April, overall inflation was up 0.1 percent on month and down 0.1 percent on year, while producer prices sank an annual 2.7 percent.

Imports are expected to slip 0.9 percent on year after easing 0.2 percent in April. Exports are called higher by an annual 5.0 percent, moderating from 8.1 percent in the previous month. The trade surplus is pegged at $101.30 billion, up from $96.18 billion a month earlier.

Thailand will see May numbers for consumer prices, with forecasts suggesting a decline of 0.83 percent on year after slipping 0.22 percent in April. Core CPI is seen steady at 0.98 percent.

Taiwan will provide May data for imports, exports and trade balance. In April, imports surged 33.00 percent on year and exports spiked an annual 29.9 percent for a trade surplus of $7.21 billion.

Finally, the markets in Australia (King's birthday) and Indonesia (Eid-al-Adha) are closed on Monday; both return to action on Tuesday.

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Asian Markets Trade Mostly Higher

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Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.

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Japanese Market Notably Higher

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Lower Open Anticipated For Indonesia Stock Market

Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies. For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64. Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.

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Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.

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EURUSD	1.1402	GBPUSD	1.35409	AUDUSD	0.65285
USDJPY	144.879	USDCAD	1.3704	USDCHF	0.82238

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Japan GDP Data Due On Monday