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Australia Home Loan Data Due On Tuesday

Australia will on Tuesday release December data for home loans, setting the pace for a busy day in Asia-Pacific economic activity.

Home loans are expected to sink 2.0 percent on month after slipping 09 percent in November. The value of loans fell 1.4 percent in the previous month and investment lending sank 4.5 percent.

Australia also will see January results for the indexes of business confidence and conditions from NAB; in December, their scores were +3 and +2, respectively.

Japan will provide December results for its tertiary industry index and January figures for money stock and machine tool orders.

The tertiary industry index is expected to eased 0.1 percent on month after falling 0.3 percent in November. The M2 and M3 money stocks were expected to hold steady at 2.4 percent and 2.1 percent, respectively. Machine tool orders tumbled 18.3 percent on year in December.

New Zealand will release January numbers for credit card spending; in December, overall electronic spending was down 1.9 percent on month and retail card spending fell 2.3 percent.

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