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Australia Building Approval Data Due On Monday
(RTTNews) - Australia will on Monday release November numbers for building approvals, highlighting a light day for Asia-Pacific economic activity. In October, approvals were down 6.0 percent on month and 6.4 percent on year.
Also, the markets in Japan are closed on Monday for Coming of Age Day and will re-open on Tuesday.
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Japan Shares May Bounce Higher Again On Monday
The Japanese stock market on Friday wrote a finish to the two-day winning streak in which it had jumped more than 1,050 points or 2.5 percent. The Nikkei 225 now sits just above the 41,450-point plateau although it's likely to rebound on Monday.
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KOSPI Expected To Breach 3,200 Points
The South Korea stock market has moved higher in three straight sessions, collecting more than 25 points or 0.7 percent along the way. The KOSPI now sits just beneath the 3,200-point plateau and it may tick higher again on Monday.
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China Industrial Profit Data Due On Monday
China will on Monday release June figures for industrial profits, highlighting a light day for Asia-Pacific economic activity. In the previous month, profits were down 8.3 percent on year.
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Canadian Stocks Climb As U.S.-Canada Talks Continue
Canada's stock market scaled a new high on Friday as traders expressed optimism in the continuing high-level U.S.-Canada trade negotiations even as August 1 deadline is closing in.
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Gold Slips As U.S. Tariff Concerns Start To Ease
Gold prices fell modestly on Friday as investors see a glimpse of positivity with news of more countries signing deals with the US coming in and other major US trading partners brainstorming with their US counterparts to secure a deal before August 1.
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Crude Falls As Chevron Allowed To Start Operations In Venezuela
Crude oil fell on Friday on reports that the U.S. might allow partners of Venezuela's state-run PDVSA to resume operations, sparking concerns of over-supply. Earlier in the day, crude oil traded in the positive territory as the U.S. signed a spate of trade deals with its major trading partners in the past few days.
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U.S. Dollar Firms On Easing Trade Tensions
The U.S. dollar advanced against its major counterparts in the New York session on Friday, as investors awaited trade talks between the country and key trading partners.
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Swiss Market Ends Notably Lower
The Switzerland market ended notably lower on Friday as uncertainty about Trump administration's tariff decisions and a few disappointing earnings updates weighed on sentiment.
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