Trade data on Tuesday will indicate if exports--which have been a key engine of growth--have remained strong.
Thanks to resilient external demand and potential front-loading in response to the latest cuts in export tax rebates and the 10% tariffs threatened by U.S. President-elect Donald Trump, Nomura research analysts expect export growth to have remained solid in November, though it may moderate from October due to a high base.
A WSJ poll pegs exports growth at 8.4% in November versus October's 12.7% increase. Imports are expected to have grown 0.8% on year, compared with a 2.3% drop in October, suggesting slightly improved domestic demand. That would bring the trade surplus to an estimated $92.8 billion, compared with October's $95.7 billion.
Markets will also be watching for signals of more stimulus to come as China's top leaders gather for the Central Economic Work Conference, an annual meeting to set the economic agenda for the year ahead.
INDIA
India reports inflation and trade figures for November, which markets will be hoping show some positive signs after the latest quarterly growth print disappointed.
The data comes after the Reserve Bank of India signaled that its priority remains on tamping down inflation, even as it lowered its annual growth forecast.
Economists will look to CPI data on Thursday to see if price pressures have pulled back, particularly after a recent uptick pushed headline inflation above the upper threshold of the central bank's target range.
That will be followed by trade on Friday.
--Any references to days are in local times.
---Additional reporting by James Glynn, Megumi Fujikawa, Ronnie Harui, Xiao Xiao, Emese Bartha, Miriam Mukuru, Edward Frankl and Paul Vieira
Write to Jessica Fleetham at jessica.fleetham@wsj.com and Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com
(END) Dow Jones Newswires
12-08-24 1614ET
