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New Zealand Trade Data On Tap For Tuesday
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(RTTNews) - New Zealand will on Tuesday release March figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In February, imports were worth NZ$6.23 billion and exports were at NZ$6.74 billion for a trade surplus of NZ$510 million.
Taiwan will see March numbers for export orders and unemployment; in February, orders surged 31.1 percent on year and the jobless rate was 3.35 percent.
Hong Kong will provide March data for unemployment; in February, the jobless rate was 3.2 percent.
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Losing Streak Continues For Swiss Stock Market
The Swiss stock market was down again on Thursday, spending the entire session in the red and tracking the major European bourses to the downside.
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Euro Falls Against Pound
The euro dropped against the pound in the New York session on Thursday.
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European Shares Close Lower On Middle East Tension
After finishing mixed in the previous session, the major European markets all headed south on Thursday as speculation grew over a possible U.S. involvement in the Israel-Iran conflict.
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Bank Of England Holds Rate Steady On Higher Inflation
The Bank of England maintained interest rates unchanged on Thursday as inflation in the U.K. has remained persistently above the target and geopolitical tensions escalated, raising the upside risks to inflation. The BoE Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to hold the Bank Rate at 4.25 percent. Three members preferred to reduce the rate by 25 basis points.
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Geopolitical Jitters And BoE's Caution Dampen FTSE 100
A cautious monetary policy stance by the Bank of England as well as escalation in hostilities between Israel and Iran dampened sentiment, dragging down the FTSE 100.
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War Worries Weigh On CAC 40
Mounting geopolitical tensions in the Middle East weighed heavily on market sentiment dragging the CAC 40 benchmark lower in the day's trade.
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DAX Drops As War Fears Rattle Markets
Amidst growing uncertainty surrounding the raging Israel-Iran conflict, the DAX benchmark extended its losing streak for the third day.
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Swiss Franc Rises After SNB Monetary Policy Decision
The Swiss franc strengthened against other major currencies in the European session on Thursday, despite the Swiss National Bank reduced its policy rate by a quarter-point, citing easing inflationary pressures.
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