PEKING (dpa-AFX) - Japan is scheduled to release September figures for key machinery orders, setting the pace for a busy day in Asia economic news. Machinery orders are expected to fall 7.1 percent on month and rise 10.6 percent on year after adding 11.0 percent on month and 2.1 percent on year in August. Japan also will release the results of its consumer confidence survey for October, with forecasts calling for a score of 39.0 - up from 38.6 in September.
China will provide October numbers for imports, exports and trade balance. Imports are expected to rise 22.2 percent on year after adding 20.9 percent in September. Exports are called higher by an annual 16.1 percent following the 17.1 percent gain in the previous month. The trade balance is expected to reflect a surplus of $25.75 billion, up from $14.51 billion a month earlier.
The Indonesian central bank will conclude its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep rates on hold at 6.50 percent.
The Philippines will announce September figures for exports, with forecasts calling for a contraction of 19.3 percent on year. That follows the 13.7 percent decline in August.
Malaysia will provide industrial production data for September, with analysts expecting an increase of 2.5 percent on year after adding an annual 3.0 percent in August.
Finally, the stock markets in India are closed on Thursday for Guru Nanak's birthday, and will re-open on Friday.
Copyright RTT News/dpa-AFX