Australia will on Wednesday release consumer price data for the first quarter of 2015, highlighting a busy day for Asia-Pacific economic activity.
Inflation is tipped to rise 1.3 percent on year and 0.1 percent on quarter, slowing from 1.7 percent on year and 0.2 percent on quarter in the three months prior.
The RBA’s trimmed mean is expected to hold steady at 2.2 percent on year and ease to 0.6 percent on quarter from 0.7 percent in Q4. The weighted median is called unchanged at 2.3 percent on year, and slowing to 0.5 percent on quarter from 0.7 percent in the fourth quarter.
Australia also will see March figures for skilled vacancies, and results for the Westpac leading index; in February, they were up 0.2 percent and 0.3 percent, respectively.
Japan will release March numbers for imports, exports and trade balance. Imports are expected to fall 12.6 percent on year after losing 3.6 percent in February. Exports are called higher by 8.5 percent on year after gaining 2.5 percent in the previous month. The trade balance is expected to show a surplus of 44.6 billion yen following the 425.0 billion yen shortfall a month earlier.
Taiwan will see unemployment numbers for March, with the jobless rate expected to come in at a seasonally adjusted 3.72 percent – down marginally from 3.74 percent in February.
China will see March results for the leading and coincident indexes from the Conference Board; in February, they were up 1.5 percent and down 0.7 percent, respectively.
Malaysia will provide March data for inflation, with forecasts calling for an increase of 1.1 percent on month and 0.9 percent on year. That follows the 0.1 percent yearly increase and the 0.6 percent monthly decline in February.
The material has been provided by InstaForex Company – www.instaforex.com