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Week Ahead Data: Asia PMIs Due Today, BNM On Thursday

ASIA

The week ahead sees Asia PMIs cross today, Caixin Services PMI is due on Wednesday and the latest monetary policy from BNM crosses on Thursday.

  • China: June's Caixin Mfg PMI crosses today, the measure is expected to tick lower to 50.0 from 50.9. On the wires on Wednesday we have the Caixin Services PMI, a print of 56.2 is expected. The Composite PMI is also due on Wednesday. Friday's Foreign Reserves completes the week's Chinese data.
  • South Korea: S&P Global Mfg PMI for June crosses today, follow by June CPI tomorrow. CPI is expected to tick lower to 0.2% M/M from 0.3%. Also due this week are June Foreign Reserves (Wednesday) and May Current Account Balance (Friday).
  • Taiwan: June's S&P Global Mfg PMI crosses today, further out on Wednesday we have June PPI & CPI. CPI is expected to nudge lower to 1.80% Y/Y from 2.02%. Trade Balance rounds off the week on Friday, a surplus of $4.99bn is expected.
  • Singapore: On the wires today we have Q2, P URA Private Home Prices and June Purchasing Manager and Electronics Sector Index. On Wednesday S&P Global PMI for June and May Retail Sales are due. On Friday we have June Foreign Reserves.
  • India: S&P Global Mfg PMI for June crosses today, on Wednesday we have the Services and Composite components due.
  • Indonesia: Today S&P Global Mfg PMI for June crosses, we also have June CPI due, the headline figure is expected to tick lower to 3.65% Y/Y from 4.00%.
  • Thailand: S&P Global Mfg PMI for June crosses today as does the June Business Sentiment Index. On Wednesday June CPI is expected to cross at 0.20% Y/Y the prior read was 0.53%. Friday's weekly foreign reserves rounds off the docket.
  • Malaysia: Today we have S&P Global Mfg PMI for June. On Thursday the latest BNM monetary policy decision is due, no change to policy is expected. The latest foreign reserves data rounds off the week on Friday.
  • Philippines: S&P Global Mfg PMI for June crosses today, on Wednesday June CPI is due a downtick to 5.5% Y/Y from 6.1% is expected. May Unemployment Rate crosses on Friday.

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