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New Zealand Electronic Retail Sales Data Due On Tuesday
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(RTTNews) - New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In March, sales were down 0.7 percent on month and 3.0 percent on year.
Japan will see April data for producer prices; in March, prices were up 0.2 percent on month and 0.8 percent on year.
Indonesia will provide March numbers for retail sales; in February, sales were up 6.4 percent on year.
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Powell Warns There's 'No Risk-Free Path' For Interest Rates
Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
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Hungary Holds Rates Steady As Inflation Expected To Remain High
The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.
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Bay Street Likely To Post New Highs
Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
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Wall Street Likely To Open Flat
Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
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Sweden Cuts Policy Rate By 25 Bps
Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
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FTSE 100 Flat; Kingfisher Soars On Higher Guidance
U.K. stocks are turning in a mixed performance on Tuesday with investors digesting the flash data showing weak manufacturing and services sector activity in the month of September.
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Eurozone Private Sector Logs Strongest Growth In 16 Months
The euro area private sector expanded the most in 16 months in September driven by the acceleration in services activity growth, flash survey results published by S&P Global revealed on Tuesday. At 51.2, the HCOB composite output index climbed slightly from August's 51.0 and was above forecast of 51.1. The index posted above the 50.0 no-change mark for the ninth straight month in September.
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CAC 40 Up 0.6%; STMicroElectronics Rises Sharply
Despite data showing a contraction in France's private sector activity in the month of September, French stocks are up firmly in positive territory Tuesday afternoon with data showing an acceleration in Eurozone private sector growth, and NVIDIA's plans to invest $100 billion in OpenAI aiding sentiment.
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hace 6h 42min