Australia will on Friday release May figures for home loans, highlighting a modest day for Asia-Pacific economic activity.

Home loans are expected to sink 3.0 percent after rising 1.0 percent in April. Investment lending gained 2.6 percent in the previous month, while the value of loans advanced 3.1 percent.

Japan will provide June figures for domestic corporate goods prices, with forecasts suggesting an increase of 0.1 percent on month and a decline of 2.2 percent on year. That follows the 0.3 percent monthly gain and the 2.1 percent yearly decline in May.

Japan also will see June figures for its consumer confidence index, with analysts looking for a score of 41.7 – up marginally from 41.4 in May.

The Philippines will release May numbers for exports, with forecasts calling for an increase of 10 percent on year following the 4.1 percent decline in April.

Malaysia will provide May numbers for manufacturing and industrial production. In April, manufacturing production dipped 1.0 percent on month and gained 4.1 percent on year. Industrial output was down 0.4 percent on month in April and up 4.0 percent on year.

Finally, the markets in Taiwan will be closed on Friday due to the approach of Typhoon Chan-hom.

The material has been provided by InstaForex Company – www.instaforex.com