Bank of Thailand (BOT) is expected to maintain interest rateat 1.50% today.
For data, China’s Oct trade numbers come into view withexport growth forecast to remain steady at 7.1% y/y (Sep:8.1%) and import growth likely firm at 17.0% y/y (Sep:18.6%) for a trade surplus of US$39.1bn. Data is expectedto be out at between 10-11 am. China FDI for Oct is alsoexpected to be out today.
Markets continue to watch for developments in the taxreform and President Trump’s trip in Asia. A Washington Postreport in early Asia suggests Senate Republican leadersconsidering a 1-year delay in corporate tax cut though itcould face resistance from President Trump who wants toimplement immediately once passed. The Senate FinanceCommittee plans to release a tax bill as early as Thursday.
U.S. President Trump will be in China Wed-Thur, with marketeyeing the potential announcement of more commercialdeals. On the agenda for Trump’s China visit will be thebilateral trade deficit and North Korea issues.