South Korean Trade Balance On Tap For Monday

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South Korea is scheduled to release December numbers for imports, exports and trade balance on Monday, setting the pace for a modest day in Asia-Pacific economic news. Imports are expected to jump 18 percent on year following the 2.1 percent annual expansion in November. Exports are called higher by 27.9 percent on year after the 18.8 percent annual jump in the previous month. The trade balance is expected to show a surplus of $4 billion after coming in at $4.047 billion a month earlier.

The Philippines is set to provide December inflation numbers, with forecasts calling for little change from the 0.6 percent monthly increase and the 2.8 percent annual expansion in November.

Indonesia will announce November data for imports, exports and trade balance, along with inflationary figures for December. Imports are seen higher by 4 percent on year after the 11.8 percent annual contraction in October. Exports are tipped to rise 13.1 percent after the 10.1 percent gain in the previous month. The trade balance is expected to show a surplus of $1.69 billion after the $2.415 billion surplus a month earlier. The inflation rate is forecast to rise to 2.92 percent from the current 2.41 percent.

Singapore will release December figures for its purchasing managers' index, which saw a score of 52 in November. The electronics PMI came in at 51.3 and both are forecast to show slight improvement.

Thailand will release November numbers for inflation, which is forecast to add 3.7 percent on year after the 1.9 percent annual expansion in October. Core CPI is expected to add 0.3 percent on year after adding 0.1 percent in the previous month.

Finally, the New Zealand stock market remains closed on Monday in observance of the New Year's holiday.

(Market News Provided by RTTNews)