China Inflation On Tap For Tuesday

(RTTNews) - China will on Tuesday release February figures for consumer and producer prices, highlighting a busy day in Asia-Pacific economic activity.

Consumer prices are expected to have risen 1.0 percent on year after adding 0.8 percent in January. Producer prices are tipped to fall an annual 4.3 percent - unchanged from the previous month's rate.

Japan will see February numbers for money stock and machine tool orders. The M2 money stock is expected to rise 3.5 percent on year after gaining 3.4 percent in January. The M3 money stock is tipped to add an annual 2.9 percent, up from 2.8 percent in the previous month. Tool orders surged 20.4 percent on year in January.

Australia will see February results for business confidence and business conditions from NAB; in January, they had scores of +3 and +2, respectively.

New Zealand will provide February data on credit card spending; in January, retail card spending was down 0.4 percent on month, while overall card spending added 0.1 percent.

The Philippines will release January data for exports, with forecasts suggesting an increase of 16.8 percent on year following the 3.2 percent decline in December.