Japan is scheduled to release a batch of data on Tuesday, headlining a modest day for Asia-Pacific economic activity. On tap are September numbers for current account, plus October results for bank lending, bankruptcies, consumer confidence, machine tool orders and the eco watchers survey.
The current account is expected to show a surplus of 536.1 billion yen after coming in at 287.1 billion yen in August. Bank lending is expected to add 2.3 percent on year in October, slowing from 2.4 percent in September. Bankruptcies gained 0.85 percent on year in September, while machine tool orders jumped an annual 34.7 percent.
The consumer confidence index is expected to show a score of 40.5, up from 39.9 in the previous month. The eco watchers survey for current conditions is called at 47.2, down from 47.4 a month earlier. The outlook had a score of 48.7 in September.
Australia will see Q3 numbers for house prices and October results for the consumer confidence index from NAB. House prices are expected to add 1.5 percent on quarter and 8.8 percent on year after gaining 1.8 percent on quarter and 10.1 percent on year in the second quarter. The NAB index for business confidence had a score of +5, while the index for conditions came in at +1.
Malaysia will provide September numbers for industrial and manufacturing production. Industrial output is expected to fall 1.0 percent on month but gain 5.5 percent on year after advancing 3.4 percent on month and 6.5 percent on year in August. Manufacturing output gained 2.6 percent on month and 7.4 percent on year in the previous month.
The material has been provided by InstaForex Company – www.instaforex.com