Australia Rate Decision On Tap For Tuesday

RTTNews | vor 52 Tagen
Australia Rate Decision On Tap For Tuesday

(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and the n announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is expected to trim its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.

Australia also will see June results for the index of business confidence and conditions from NAB; in May, their scores were +2 and 0, respectively.

Taiwan will release June numbers for imports, exports, trade balance and consumer prices. In May, imports were up 25.0 percent on year and exports jumped an annul 38.6 percent for a trade surplus of $12.62 billion. Inflation was down 0.14 percent on month and up 1.55 percent on year.

Japan will provide May figures for current account and June data for bank lending and the eco watchers current index. The current account is expected to show a surplus of $2.940 trillion, up from 2.258 trillion in April.

Overall bank lending is tipped to rise 2.3 percent on year, easing from 2.4 percent in May. The eco watchers index is expected to see a score of 45.2, up from 44.4 in the previous month.

read more
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | vor 2Std 1 Minuten
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | vor 2Std 29 Minuten
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | vor 5Std 33 Minuten
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | vor 6Std 16 Minuten
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | vor 6Std 46 Minuten