Wednesday, May 30, 2007

Asia/Pacific Region Economic News Preview, Wednesday, May 30, 2007 2:31:11 PM

Japan, Australia, and New Zealand will all be reporting on major economic news on Thursday. Japan will post Labor Cash Earnings, while Australia is set to announce its Trade Balance. New Zealand will chime in early on the day with NBNZ Business Confidence survey data.

Japan will release Labor Cash Earnings for April on an annual basis on Thursday. Previous numbers came in at -0.1%, and are expected to narrow in tomorrow`s data. Other news from the area will include Overtime Earnings, Housing Starts and Construction Orders. The BoJ`s Board Member Nishimura will attend a business conference as well.

Australia is set to report on its Trade Balance for April on Thursday. The previous balance came in at -1622 million Australian dollars, and is expected to narrow in tomorrow`s data. Other news from Australia will include Exports, Imports, Private Capital Expenditure, Private Sector Credit for April and the AiG Performance of Manufacturing index for May.

New Zealand will report on its NBNZ Business Confidence survey for May on Thursday. The previous survey came in at a level of -19.4.
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