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Japan Producer Price Data Due On Monday
(RTTNews) - Japan will on Monday release February figures for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices are expected to rise 1.5 percent on year, easing from 1.6 percent in the previous month.
China will see February numbers for industrial profits; in January, profits were up 0.8 percent on year.
Hong Kong will provide February figures for imports, exports and trade balance. In January, imports were down 30.2 percent on year and exports slumped an annual 36.7 percent for a trade deficit of HKD25.4 billion.
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Canadian Market May Open With Slightly Positive Bias
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UK Stocks Turning In Mixed Performance; Mining Stocks Move Up
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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DAX Up Marginally; Daimler Truck Holding Rises 3.5%
German stocks are somewhat subdued on Wednesday as investors remain a bit cautious, awaiting AI major Nvidia's earnings update, and the minutes from the Federal Reserve's most recent monetary policy meeting, as well some U.S. economic data, including last month's jobs report.
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UK Inflation Eases To 3.6%; Raises Rate Cut Hopes
UK consumer price inflation eased in October, ahead of the Autumn budget announcement, official data revealed Wednesday. The moderation has eased pressure on households and raised hopes of interest rate cut in December. The consumer price index logged an annual growth of 3.6 percent in October, slower than the 3.8 percent rise in September.
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