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Australia Trade Data Due On Thursday

Australia is in Thursday scheduled to release August figures for retail sales, imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

Retail sales are called higher by 0.3 percent on month following the flat reading in July.

The trade balance is expected to show a surplus of A$870 million, up from A$460 million in the previous month. Imports were worth A$30.61 billion in July, while exports were at A$31.07 billion.

The Philippines will see September numbers for consumer prices, with inflation expected to have added 0.2 percent on month and 3.1 percent on year. That follows the 0.3 percent monthly increase and the 3.1 percent yearly gain in August.

Finally, the markets in South Korea and China remain closed all week for the Harvest Festival and National Day, respectively. Hong Kong is also shuttered on Thursday for the Med-Autumn Festival.

by RTTNews Staff Writer

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