Japan Machine Orders On Tap For Wednesday

(RTTNews) - Japan is on Wednesday scheduled to provide preliminary September figures for machine orders, highlighting a modest day for Asia-Pacific economic activity.

Machine orders are expected to ease 2.0 percent on month but climb 12.5 percent on year after gaining 5.4 percent on month and 10.3 percent on year in August.

Japan also will see October figures for its domestic corporate goods price index. Forecasts suggest a decline of 0.2 percent on month and a gain of 2.5 percent on year following the 0.3 percent monthly gain and the 2.3 percent annual increase in September.

Australia will see November results for the Westpac consumer confidence index, as well as Q3 data for wage costs. In October, the Westpac index fell 2.1 percent to a score of 108.3. The wage cost index is tipped to rise 0.7 percent on quarter and 2.9 percent on year - unchanged from the previous three months.

Indonesia will release Q3 figures for current account; in the second quarter, the current account showed a deficit of $9.85 billion.