Australia will on Thursday release unemployment data for April, highlighting a busy day for Asia-Pacific economic activity.
The jobless rate is expected to come in at 6.2 percent, up from 6.1 percent in March. The Australian economy is expected to have added 4,000 jobs following the addition of 37,700 jobs in the previous month. The participation rate is called steady at 64.8 percent.
Australia also will see April results for the AiG Performance of Construction Index; in March, the index score was 50.1.
Japan will release April numbers for monetary base, and also see figures for the services and composite PMIs from Markit Economics. The monetary base surged 35.2 percent in March, while the services PMI had a score of 48.4 and the composite was at 49.4.
Thailand will release April scores for its consumer confidence index; in March, the index score was 77.7.
Malaysia will provide March numbers for imports, exports and trade balance. Imports are expected to rise 1.0 percent after adding 0.4 percent in February. Exports are called lower by 4.6 percent after dropping 9.7 percent in the previous month. The trade balance is expected to show a surplus of 5.2 billion ringgit, up from 4.52 billion a month earlier.
Also, the Malaysian central bank will wrap up its monetary policy meeting and then announce its decision on interest rates. The central bank is widely expected to keep its benchmark unchanged at 3.25 percent.
Taiwan will release April numbers for imports, exports and trade balance. Imports are expected to drop 12.1 percent on year after falling 17.8 percent in March. Exports are tipped to decline 6.0 percent after losing 8.9 percent in the previous month. The trade balance is expected to show a surplus of $3.9 billion, down from $4.07 billion a month earlier.
The material has been provided by InstaForex Company – www.instaforex.com