Japan Core Machine Orders On Tap For Wednesday

(RTTNews) - Japan will on Wednesday release August numbers for core machine orders, highlighting a modest day for Asia-Pacific economic activity.

Core machine orders are expected to sink 3.9 percent on month and rise 1.8 percent on year after surging 11.0 percent on month and 13.9 percent on year in July.

Japan also will release preliminary September figures for machine tool orders; in August, orders were up 5.1 percent on year.

Australia will see October results for the consumer confidence index from Westpac Bank; in September, the index shed 3.0 percent on month to a score of 100.5.

New Zealand will provide September data for credit card spending; in August, overall electronics spending was up 1.1 percent on month and retail card spending advanced 1.0 percent.

The Philippines will release August numbers for imports, exports and trade balance. In July, imports were worth $9.40 billion and exports were at $5.85 billion for a trade deficit of $3.55 billion.

Finally, the markets in Taiwan are closed on Wednesday for the National Day holiday and will re-open on Thursday.