New Zealand Inflation On Tap For Thursday

(RTTNews) - New Zealand will on Thursday release Q3 figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity.

Inflation is expected to gain 1.2 percent on year and 0.5 percent on quarter after rising 1.6 percent on year and 0.3 percent on quarter in the previous three months.

China will see preliminary October results for the manufacturing PMI from HSBC, with analysts expecting a score of 50.2 - unchanged from the September reading.

Japan will provide preliminary October results for the manufacturing PMI from Markit Economics, with analysts expecting no change from the September reading of 51.7.

Singapore will release consumer price data for September, with analysts expecting an increase of 0.2 percent on month and 0.9 percent on year. That follows the 0.5 percent monthly increase and the 0.9 percent yearly gain in August.

Australia will see Q3 results for the business sentiment index from NAB; in the second quarter, the index had a score of +6.

The central bank of the Philippines will wrap up its monetary policy meeting and then announce its decision on interest rates; the bank is forecast to keep its benchmark unchanged at 4.00 percent.

Finally, the markets in Malaysia and Singapore are closed on Thursday for Deepavali, while the Thai bourse is off for Chulalongkorn Memorial Day. All three markets resume trade on Friday.