Japan is scheduled to release a raft of data on Friday, highlighting a busy day for Asia-Pacific economic activity.
On tap are May figures for unemployment, consumer prices and household spending, along with June results for consumer confidence and the quarterly results of the Tankan survey of business sentiment.
The jobless rate is expected to hold steady at 3.2 percent, while household spending is called flat after slipping 0.4 percent in April. Overall inflation is expected to fall 0.5 percent on year after shedding 0.3 percent in April, while core CPI is pegged at -0.4 percent – down from -0.3 percent a month earlier.
The Tankan large manufacturers’ index is expected to fall to +4 from +6 in the previous quarter, while the outlook is called steady at +3. The large non-manufacturing index is expected to slip to +19 from +22, with the outlook holding steady at +17. The consumer confidence had a score of 40.9 in May.
Australia will see June results for the Performance of Manufacturing Index from AiG; in May, the index score was 51.0.
China will see June results for the official manufacturing and non-manufacturing PMIs, as well as the Caixin manufacturing PMI. In May, the official manufacturing index score was 50.1 and the non-manufacturing index came in at 53.1. The Caixin index score was 49.2.
Malaysia will provide May numbers for imports, exports and trade balance. In April, imports were worth 52.3 billion ringgit and exports were at 61.3 billion ringgit for a trade surplus of 9.1 billion ringgit.
Indonesia will release June numbers for consumer prices. In May, overall inflation added 0.24 percent on month and 3.33 percent on year, while core CPI added 0.23 on month and 3.41 on year.
A number of countries will see June manufacturing PMI results from Nikkei, including South Korea (50.1 in May), Japan (47.7), Taiwan (48.5), Indonesia (50.6), Malaysia (47.2) and Vietnam (52.7).
Finally, the markets in Hong Kong and Thailand are closed on Friday for the SAR Establishment Day and mid-year closing, respectively. They will re-open on Monday.
The material has been provided by InstaForex Company – www.instaforex.com