Figures on Thursday are expected to show annual producer price deflation accelerating slightly to -2.7% from -2.5% in September, snapping a run of three months of improvement. Annual consumer inflation is also expected to slip back to -0.1% from 0.0%.
Another choppy day in China’s property sector awaits after Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm to take a controlling stake in troubled developer Country Garden.
In Japan, meanwhile, among the big companies releasing their latest reports on Thursday are Nissan, Honda, Sony and the wider Softbank Group.
The yen remains vulnerable too, slipping further below the psychologically key 150 per dollar level. It is now trading near 151.00 per dollar and in sight of the 152.00 mark that many analysts think might be the threshold for direct yen-buying intervention from Japanese authorities.
Yen traders on Thursday are also eyeing Japanese bank lending figures for October and September’s trade and current account report.
The Philippine peso will be highly sensitive to the country’s third quarter GDP report. The central bank said on Oct. 26 that Q3 annual growth will likely be around 4.5%.
