The Reserve Bank of Australia will on Tuesday conclude its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep rates on hold at 3.50 percent.
Australia also will provide May figures for building approvals, with forecasts suggesting an increase of 5.0 percent on month and a contraction of 15.2 percent on year. That follows the 8.7 percent monthly fall and the 24.1 percent annual plunge in April.
Japan will announce labor cash earnings for May; in April, earnings were up 0.8 percent on year.
China will see the results of its non-manufacturing PMI for June; it came in at 55.2 in May.
by RTT Staff Writer
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