Japan Machine Orders On Tap For Thursday

(RTTNews) - Japan will on Thursday release September figures for core machine orders, highlighting a busy day for Asia-Pacific economic activity.

Core machine orders are expected to fall 1.5 percent on month and gain 4.1 percent on year after slipping 2.2 percent and surging 11.6 percent on year in August.

Japan also will see October data for money stock, with the M2 money stock expected to hold steady at 3.6 percent and M3 called unchanged at 3.1 percent.

Australia will provide September numbers for home loans, and also see November figures for inflation expectations.

Home loans are expected to sink 1.6 percent after losing 3.0 percent in August. Investment lending was up 0.1 percent in the previous month, while the value of loans slipped 1.6 percent.

Malaysia will release September data for unemployment; in August, the jobless rate was 3.6 percent and the participation rate was 67.8 percent.

The central bank in the Philippines will wrap up its monetary policy meeting and then announce its decision on interest rates. The central bank is widely expected to keep its benchmark lending rate unchanged at 3.00 percent.