Taiwan Trade Balance On Tap For Monday
(RTTNews) - Taiwan is scheduled to release September figures for imports, exports and trade balance on Monday, headlining a modest day of activity in Asia-Pacific economic news. Analysts are expecting a 7.2 percent decline on year for exports following the 12.7 percent annual drop in August. Imports are called lower by 6.3 percent on year after the 21.1 percent annual plunge in the previous month. The trade balance is expected to show a surplus of $3.1 billion after the $2.55 billion surplus a month earlier.
South Korea will announce September numbers for money supply, with forecasts calling for a 9.1 percent increase on year after the 10 percent annual spike in August.
Hong Kong will provide October data for FX reserves, with analysts expecting a surplus of $238.8 billion after the $226.9 billion surplus in September.
Australia will announce September numbers for housing finance and October data for job advertisements. Housing finance is seen higher by 3 percent on month following the 0.6 percent decline in August. Job ads saw a 4.4 percent monthly increase in September. Finally, Reserve Bank of Australia Assistant Governor Philip Lowe will speak at the University of Western Australia in Perth.
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