New Zealand Trade Data Due On Wednesday

RTTNews | 42 ngày trước
New Zealand Trade Data Due On Wednesday

(RTTNews) - New Zealand ill on Wednesday release May figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

In April, imports were worth NZ$6.42 billion and exports were at NZ$7.84 billion for a trade surplus of NZ$1.426 billion.

Japan will see May numbers for corporate service prices and April figures for the leading and coincident indexes. Corporate service prices are expected to climb 3.1 percent on year, steady from the April reading. The leading index is expected to slip 4.2 percent on month after easing 0.1 percent in March. The coincident index is tipped to fall 0.3 percent after shedding 1.4 percent a month earlier.

The central bank in Thailand will wrap up its monetary policy meeting and then announce its decision on interest rates; the bank is expected to keep its benchmark lending rate steady at 1.75 percent.

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German Factory Orders Log Unexpected Fall

German Factory Orders Log Unexpected Fall

Germany's factory orders declined unexpectedly in June on a notable fall in demand from non-EU countries, figures from Destatis revealed on Wednesday. New orders fell 1.0 percent month-on-month in June, confounding expectations for an increase of 1.0 percent. The fall was also sharper than the 0.8 percent decrease posted in May. When large-scale orders are excluded, new orders were 0.5 percent.
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Indian shares were little changed in cautious trade on Wednesday after U.S. President Donald Trump threatened to raise tariffs on Indian goods "very substantially" within 24 hours, citing India's continued purchases of Russian oil.
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European Economic News Preview: Germany Factory Orders Data Due

European Economic News Preview: Germany Factory Orders Data Due

Factory orders and construction purchasing managers' survey data from Germany and retail sales from the euro area are the top economic news due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for June. Orders are forecast to grow 1.0 percent month-on-month, in contrast to the 1.4 percent fall in May.
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