CPI from Singapore and Malaysia headline the docket in Asia today. Further out this week we also have South Korea GDP and Bank Indonesia monetary policy decision; however in China the calendar is thin this week.
- China - The only data of note this week is June Industrial Profits on Thursday, there is no estimate for the print yet and the prior read was a fall of 12.6% Y/Y
- South Korea - On the wires tomorrow we have the Advance Read of Q2 GDP, a rise of 0.8% Y/Y is expected. Also due this week is July Consumer Confidence (Tuesday), August Business Survey (Thursday) and June Industrial Production (Friday).
- Taiwan - June Unemployment Rate is due today, an uptick to 3.60% from 3.50% is forecast. Also on the wires on monday is June Industrial Production, a fall of 16.49% Y/Y is expected. Further out on Friday the Advance read of Q2 GDP crosses.
- Singapore - The June CPI print today provides the highlight of the week. A 4.4% Y/Y rise is expected in the headline CPI, down from 5.1% Y/Y in June. The Core CPI is expected to fall to 4.2% Y/Y from 4.7%. On Wednesday June Industrial Production is due, a rise of 3.8% M/M is expected. The June Unemployment Rate will cross on Thursday or Friday.
- Malaysia - Today June CPI crosses, a fall to 2.4% Y/Y from 2.8% is expected. Also due today is July 14 Foreign Reserves. The docket is empty for the remainder of the week.
- Indonesia - The only event of note this week is the rate decision from the Bank Indonesia, the 7-Day Reverse Repo rate is expected to be held steady at 5.75%.