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Japan Interest Rate Decision Due On Tuesday
(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at 0.50 percent.
South Korea will release May figures for import and export prices; in April, import prices were down 2.3 percent on year and export prices rose 0.7 percent.
Singapore will provide May data for non-oil domestic exports; in April, NODX jumped 10.4 percent on month and 12.4 percent on year, with a trade surplus of SGD14.20 billion.
Hong Kong will see May numbers for unemployment; in April, the jobless rate was 3.4 percent.
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The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
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CAC 40 Up Slightly In Lackluster Trade
French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
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