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Australia Trade Balance Due On Wednesday

Australia will on Wednesday release February trade balance figures and the AIG services PMI for March, highlighting a light day for Asia-Pacific economic activity.

The trade balance is expected to show a surplus of A$1.1 billion after posting a deficit of A$673 million in January. The PMI saw a score of 46.7 in February.

The Philippines will provide inflation data for March, with forecasts suggesting that the rate will come in at 2.8 percent - up from 2.7 percent in February.

New Zealand will see the results of the ANZ commodity price index for March; it was flat on month in February.

Finally, the stock markets in China, Hong Kong and Taiwan are all closed on Wednesday for Tomb Sweeping Day. They will re-open on Thursday.

by RTTNews Staff Writer

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