China Services PMI On Tap For Wednesday

(RTTNews) - China will on Wednesday see October figures for the services and composite indexes from HSBC and Markit Economics, highlighting a busy day in Asia-Pacific economic activity. The indexes had scores of 53.5 and 52.3 in September, respectively.

Japan will release September numbers for labor cash earnings and October data for monetary base. Earnings are expected to add 0.8 percent on year after climbing 0.9 percent in August. The monetary base surged 35.3 percent on year in September.

Japan also will see October results for the services and composite PMIs from Markit; in September, they were at 52.5 and 52.8, respectively.

Australia will see October numbers for the Performance of Service Index from AiG; in September, the index had a score of 45.4.

The central bank in Thailand will conclude its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep rates on hold at 2.00 percent.

Indonesia will release Q3 numbers for gross domestic product, with analysts looking for an increase of 5.00 percent on year - slowing from 5.12 percent in the second quarter. On a quarterly basis, GDP expanded 2.47 percent in Q2.

Hong Kong will see October numbers for its manufacturing PMI from Markit Economics; in September, the index score was 49.8.

The Philippines will provide September numbers for producer price inflation and October figures for consumer price inflation. PPI was up 0.3 percent on month and down 2.2 percent on year in August, while CPI added 0.1 percent on month and 4.4 percent on year in September.