Hong Kong will on Wednesday release June figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
Imports are expected to fall 3.4 percent on year after losing 4.7 percent in May. Exports are called lower by an annual 2.6 percent following the 4.6 percent decline in the previous month. The trade balance is tipped to show a deficit of 39.1 billion Hong Kong dollars following the 40.1 billion HKD shortfall a month earlier.
Japan will see June figures for corporate service prices, with forecasts suggesting an increase of 0.6 percent on year – unchanged from the rate in the previous month.
China will see June data for industrial profits; in May, profits were up 0.6 percent on year.
The material has been provided by InstaForex Company – www.instaforex.com