China Data Tentatively Scheduled For Monday Release

RTTNews | Před 1031 dny
China Data Tentatively Scheduled For Monday Release

(RTTNews) - After delaying release last week during the National Congress of the Communist Party, China is now tentatively scheduled to provide key economic data on Monday - including trade data, GDP, industrial production and retail sales.

GDP is expected to rise 3.5 percent on quarter and 3.4 percent on year in Q3 after contracting 2.6 percent on quarter and rising 0.4 percent on year in Q2. Industrial production is tipped to climb 4.5 percent on year in September, up from 4.2 percent in August. Retail sales are called higher by an annual 3.3 percent, slowing from 5.4 percent in August. The jobless rate is expected to tick down to 5.2 percent from 5.3 percent.

Imports are expected to rise 1.0 percent on year in September, up from 0.3 percent in August. Exports are called higher by an annual 4.1 percent, down from 7.1 percent in the previous month. The trade surplus is pegged at $81 billion, up from $79.39 billion a month earlier.

Australia will see October results for the manufacturing, services and composite indexes from S&P Global; in September, their scores were 53.5, 50.6 and 50.9, respectively.

Japan will see October results for the manufacturing, services and composite indexes from Jibun Bank; in September, their scores were 50.8, 52.2 and 51.0, respectively.

Taiwan will provide September results for industrial production, retail sales and unemployment. In August, output was up 3.68 percent on year, while sales jumped12.0 percent and the jobless rate was at 3.67 percent.

Finally, the markets in Malaysia and Singapore (Deepavali), Thailand (Chulalongkorn) and New Zealand (Labor Day) are all closed on Monday and will re-open on Tuesday.

read more
NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
RTTNews | Před 45 minutami
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
RTTNews | Před 1 h 6 min
China Leaves Benchmark Interest Rate Unchanged

China Leaves Benchmark Interest Rate Unchanged

The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
RTTNews | Před 1 h 16 min
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | Před 2 h 5 min
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
RTTNews | Před 2 h 42 min