Philippines Trade Data Due On Tuesday

(RTTNews) - The Philippines will on Tuesday release December data for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

In November, imports were worth $4.99 billion and exports were at $5.26 billion for a trade surplus of $272 million.

Japan will provide January numbers for corporate service prices and February figures for small business confidence. Service prices are tipped to hold steady at 3.6 percent, while the small business confidence index is expected to rise to a score of 47.0 from 46.3 in January.

The Reserve Bank of New Zealand will release its two-year inflation forecast for the first quarter of 2015; in the three months prior, the forecast called for an inflation rate of 2.1 percent.

Finally, the stock markets in China remain closed on Tuesday for the Lunar New Year holiday, but will re-open on Wednesday.