China Inflation Data On Tap For Wednesday

(RTTNews) - China will on Wednesday release November numbers for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity.

Consumer prices are expected to rise 1.4 percent on year, accelerating from 1.3 percent in October. Producer prices are called steady at -5.9 percent.

Australia will see October figures for home loans and December results for the Westpac consumer confidence index.

Home loans are expected to fall 1.0 percent after rising 2.0 percent in September. Investment lending fell 8.5 percent in the previous month, while the value of loans climbed 3.0 percent. The consumer confidence index gained 3.9 percent in November to a score of 101.7.

Japan will provide October figures for core machine orders and November numbers for money stock.

Machine orders are expected to fall 1.6 percent on month and gain 0.4 percent on year after spiking 7.5 percent on month and falling 1.7 percent on year in September.

The M2 money stock is expected to add 3.5 percent on year after gaining 3.6 percent in October. M3 is called higher by an annual 2.8 percent, slowing from 2.9 percent in the previous month.