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Singapore Trade Data Due On Monday
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(RTTNews) - Singapore will on Monday release August figures for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity.
Exports are expected to rise 5.6 percent on month and sink 15.8 percent on year after falling 3.4 percent on month and 20.2 percent on year in July. The trade surplus is pegged at SGD5.787 billion, down from SGD6.490 billion in the previous month.
New Zealand will see August results for the Performance of Service Index from BusinessNZ; in July, the index score was 47.8.
Finally, the markets in Japan are closed on Monday for Respect for the Aged Day and will re-open on Tuesday.
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Renewed Support Likely For Malaysia Stock Market
The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's likely to bounce higher again on Tuesday.
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Japan Stock Market May Stop The Bleeding On Tuesday
The Japan stock market has moved lower in two straight sessions, tumbling almost 780 points or 1.8 percent along the way. The Nikkei 225 now sits just shy of the 40,300-point plateau although it's due for support on Tuesday.
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South Korea Inflation Rises 0.2% In July
Overall consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday.
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Australia Services Sector Accelerates In July
The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.
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KOSPI May Add To Monday's Gains
The South Korea stock market on Monday snapped the two-day slide in which it had stumbled more than 135 points or 3.9 percent. The KOSPI now sits just shy of the 3,150-point plateau and it may add to its winnings on Tuesday.
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BoJ Minutes On Tap For Tuesday
The Bank of Japan will on Tuesday release the minutes from its June 16-17 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
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Pound Eases Against Most Majors
The pound retreated against its most major counterparts in the New York session on Monday.
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Swiss Market Ends Marginally Down
After an early sharp drop, the Switzerland market recovered some lost ground Monday morning, but stayed in negative territory right through the day's trading session, as investors largely stayed cautious, waiting for directional clues.
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