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Japan Leading Index Data Due On Monday
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(RTTNews) - Japan will on Monday see preliminary June results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity. In May, they were up 1.1 percent and 0.1 percent on month, respectively.
Indonesia will release Q2 numbers for gross domestic product, with forecasts suggesting an increase of 3.72 percent on quarter and 4.93 percent on year. That follows the 0.92 percent quarterly contraction and the 5.03 percent yearly gain in the first quarter.
Thailand will provide July figures for consumer prices. Overall inflation is seen higher by 0.68 percent on year, accelerating from 0.23 percent in June. Core CPI is tipped to rise an annual 0.90 percent, easing from 1.32 percent a month earlier.
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U.S. Wholesale Inventories Inch Up Less Than Expected In June
Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
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U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
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U.S. Jobless Claims Rise More Than Expected To 226,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
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Bank Of England Cuts Rate In Tight Vote
The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
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Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street
Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.
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U.S. Labor Productivity Surges 2.4% In Second Quarter
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.
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U.S. Weekly Jobless Claims Rise More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd.
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Pound Jumps After BoE Rate Decision
The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
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