After a raft of disappointing figures last week, investors will be looking at data due from Japan and China in the week ahead, for further cues on the health of Asia’s two largest economies. Monthly indicators from the U.S., along with corporate earnings from Australia and Hong Kong, will also be on the watch list.
On Monday, China releases its July house price index and investors are bracing for a weak result. A report from the China Index Academy (CIA) showed property prices declined for the third consecutive month in July.
HSBC’s preliminary reading of China’s purchasing managers’ index (PMI) for the month of August is due on Thursday. Government data showed the mainland’s manufacturing activity rebounding to 51 in June while the bank’s final reading stood at 50.7.
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