New Zealand Credit Card Spending Data Due On Thursday
New Zealand will on Thursday release October numbers for credit card spending, highlighting a modest day for Asia-Pacific economic activity. In September, electronic spending was down 0.1 percent on month and up 4.8 percent on year.
Japan will see September results for its all industry activity index and October figures for supermarket sales and machine tool orders.
The all industry activity index is expected to rise 1.5 percent on month following the flat reading in August. Supermarket sales were up 2.8 percent on year in September and machine tool orders plummeted an annual 37.4 percent.
The central bank in Indonesia is scheduled to wrap up its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep its benchmark lending rate unchanged at 5.00 percent.
Hong Kong will release October numbers for consumer prices; in September, overall inflation was up 3.2 percent on year.
The Japanese yen came off its early lows against some of its major counterparts in late Asian deals on Friday.
The yen rose to a 2-day high 109.31 against the franc, from an early low of 109.42.
The yen recovered to 108.61 against the greenback and 81.74 against the loonie, from its early 2-day low of 108.71 and a 3-day low of 81.90, respectively. Reversing from an early low of 73.86 against the aussie, the yen bounced off to 73.70.
The next possible resistance for the yen is around 108.00 against the greenback, 107.00 against the franc, 80.00 against the loonie and 70.5 against the aussie.
New Zealand will on Tuesday release Q3 numbers for retail sales, setting the pace for a modest day in Asia-Pacific economic activity. Sales are expected to add 0.5 percent on quarter after rising 0.2 percent in the three months prior.
Japan will see October figures for producer prices, with forecasts suggesting an increase of 1.8 percent on year - up from 0.5 percent in September.
Hong Kong will release October numbers for imports, exports and trade balance. In September, imports were worth HKD379.33 billion and exports were at HKD347.69 billion for a trade deficit of HKD31.64 billion.
Singapore will provide October figures for industrial production; in September, production was up 3.7 percent on month and 0.1 percent on year.
Private capital expenditure in Australia was down a seasonally adjusted 0.2 percent on quarter in the third quarter of 2019, the Australian Bureau of Statistics said on Thursday - worth A$29.413 billion.
That missed expectations for a flat reading following the 0.6 percent drop in the three months prior.
On a yearly basis, capex sank 1.3 percent.
Capex for buildings and structures rose 2.7 percent on quarter and fell 0.3 percent on year to A$15.853 billion, while capex for equipment, plant and machinery sank 3.5 percent on quarter and 2.4 percent on year to A$13.560 billion.
UK GfK Consumer Confidence Remains Stable In November
UK consumer sentiment remained unchanged in November, survey results from the market research group GfK showed Friday.
The consumer sentiment index held steady at -14. The score matched economists' expectations.
"In the face of Brexit and election uncertainty, consumers are clearly in a 'wait-and-see' mode," Joe Staton, client strategy director at GfK, said.
"The general election is potentially an opportunity to move us out of the doldrums - but for this to happen there must be a clear result," Staton added. "A hung parliament could be very damaging for consumer confidence and would surely deepen the obvious malaise that we see month after month."
Among sub-indices, the index measuring changes in personal finances over the last twelve months decreased one point to zero. The forecast for personal finances was unchanged at +1 in November.
The measure for the past general economic situation of the country fell one point to -34. Expectations for the general economic situation over the next 12 months gained three points to -34.
The major purchase index dropped one point to zero in November. Likewise, the savings index decreased three points to +18.
The Reserve Bank of Australia will on Tuesday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at the record low 0.75 percent.
Australia also will see Q3 numbers for current account; in the three months prior, the current account surplus was A$5.9 billion.
Japan will provide November numbers for monetary base; in October, the base was up 3.1 percent on year.
Thailand will release November numbers for consumer and producer prices. In October, overall consumer prices were down 0.16 percent on month and up 0.7 percent on year, while core CPI rose 0.04 percent on month and 0.4 percent on year. Producer prices fell 0.4 percent on month and 2.5 percent on year.
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