Japan is on Wednesday scheduled to release July figures for imports, exports, trade balance and supermarket sales, highlighting a modest day for Asia-Pacific economic activity.
Imports are expected to rise 3.0 percent on year after shedding 2.2 percent in June. Exports are called lower by 2.9 percent on year after shedding 2.3 percent in the previous month. The trade balance is expected to show a deficit of 270 billion yen following the downwardly revised 60.3 billion yen surplus a month earlier. Supermarket sales were down 3.9 percent on year in June.
Australia will see June numbers for the Westpac leading index and July data for skilled vacancies. The Westpac index was up 0.8 percent on month in May, while vacancies were down 1.8 percent on month in June.
Finally, the stock market in Indonesia remains closed on Wednesday for Eid-ul-Fitr, the Muslim holiday that marks the end of the holy month of Ramadan. It will re-open on Thursday.
by RTT Staff Writer
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