New Zealand CPI On Tap For Tuesday

CANBERA (Alliance News) - New Zealand will on Tuesday see Q2 figures for consumer prices, ...

Alliance News 17 July, 2017 | 11:07PM
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CANBERA (Alliance News) - New Zealand will on Tuesday see Q2 figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity.

Inflation is expected to add 0.2% on quarter and 1.9% on year after gaining 1.0% on quarter and 2.2% on year in the three months prior.

New Zealand also will see June numbers for non-resident bond holdings; in May, the figure was at 61.4%.

The Reserve Bank of Australia will release the minutes from its July 4 monetary policy. At the meeting, the RBA kept its benchmark interest rate unchanged at a record low 1.50% for the tenth consecutive meeting.

Australia also will see June results for new motor vehicle sales; in May, sales were up 2.9% on month and 4.9% on year.

Malaysia will release unemployment data for May; in April, the jobless rate was 3.4% and the participation rate was 67.7%.

Finally, the markets in Japan are closed on Tuesday for Marine Day, and will re-open on Wednesday.

Copyright RTT News/dpa-AFX

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