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China Inflation, PPI Due On Thursday

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China is scheduled to release January numbers for its consumer price index and producer price index on Thursday, headlining a modest day for Asia-Pacific economic activity.

Analysts are expecting the inflation rate to come in at 2.1 percent, up from 1.9 percent in December. Wholesale inflation is tipped at 3.5 percent, jumping from 1.7 percent in the previous month.

The South Korean 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 the record low of 2 percent.

Australia will release employment figures for January. The unemployment rate is expected to climb up to 5.6 percent from the current level of 5.5 percent. The employment change is expected to show an increase of 15,000 after unexpectedly adding 35,200 in December.

Finally, the stock markets in Japan and Taiwan are closed on Thursday. Japan is off for National Foundation day, and will re-open on Friday. Taiwan is getting an early start on the Chinese Ney Year break and will be out of action until February 22.

(Market News Provided by RTTNews)

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