RTTNews - The Philippines will release June numbers for its consumer price index on Tuesday, headlining a modest day for Asian economic news. Analysts are expecting inflation to climb 0.7 percent on month after easing 0.1 percent in May. On year, inflation is called higher by 1.6 percent after the 3.3 percent increase in the previous month.
Taiwan will provide June data for imports, exports and trade balance. Forecasts call for imports to plummet 38.6 percent on year after the 39.1 percent fall in May. Exports are seen lower by 30.8 percent on year after dropping 31.4 percent in the previous month. The trade balance is expected to climb 2.93 percent on year after the 3.2 percent annual jump a month earlier.
Hong Kong will release FX reserves figures for June, with analysts expecting a surplus of $212.3 billion after the $205.1 billion surplus in May.
Singapore will announce FX reserves data for June, with forecasts predicting a surplus of $172.1 billion, down from $171.76 billion in the previous month.
Finally, the Stock Exchange of Thailand will be closed through Tuesday for the Asarnha Bucha holiday. It will re-open on Wednesday.
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