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Australia Interest Rate Decision On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.
Singapore will release Q2 numbers for gross domestic product; in the three months prior, GDP was up 4.3 percent on year.
Japan will provide July data for its M2 money stock, with forecasts suggesting an increase of 0.8 percent on year, down from 0.9 percent in June.
Finally, the markets in Thailand remain shuttered until Wednesday in honor of Queen Sirikit's birthday.
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China Economic Data Disappoints
China's industrial production, retail sales and fixed asset investment registered weaker-than-expected growth in July, strengthening calls for further policy support to rebalance the economy towards consumption. Industrial production grew 5.7 percent in July from a year ago, following June's 6.8 percent increase, the National Bureau of Statistics reported Friday.
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hace 31 minutos
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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hace 44 minutos
NZ Dollar Falls On Soft China Data
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.
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hace 1h 9min
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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hace 1h 57min
European Shares Seen Tad Higher As World Braces For Alaska Talks
European stocks are seen opening higher on Friday after the S&P 500 index closed at a new record high for the third consecutive day overnight despite concerns about slowing consumer spending.
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Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
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hace 5h 19min
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
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hace 5h 54min
Indian Markets Closed For Independence Day
Indian markets remain closed today as the nation marks its 78th Independence Day.
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