Japan will release a batch of data on Wednesday, setting the pace for a busy day in Asia-Pacific economic activity. On tap are March numbers for current account, as well as April figures for bank lending, bankruptcies and the eco watchers survey.
The current account surplus is called at 2,071.0 billion yen, up from 1,440.1 billion yen in February. Bank lending is tipped to hold steady at 2.7 percent, Bankruptcies were up 5.52 percent on year in March.
The eco watcher survey for current conditions is expected to show a score of 52.3, up from 52.2 in March. The outlook survey is called at 53.3, down from 53.4 a month earlier.
New Zealand will provide April figures for food prices; in March, prices were up 0.1 percent on month and 1.9 percent on year.
Australia will see Q1 numbers for wage costs, with forecasts suggesting an increase of 0.6 percent on quarter and 2.4 percent on year. That follows the 0.6 percent quarterly increase and the 2.5 percent yearly increase in the previous three months.
China will release April data for industrial production, retail sales and fixed-asset investment. Industrial output is expected to rise 6.0 percent on year, up from 5.6 percent in March. Retail sales are tipped to rise 10.4 percent on year, up from 10.2 percent in the previous month. FAI is called steady at 13.5 percent.
South Korea will provide unemployment numbers for April, with analysts expecting the jobless rate to hold steady at 3.7 percent.
The material has been provided by InstaForex Company – www.instaforex.com