China Data On Tap For Wednesday

RTTNews | il y a 1071
China Data On Tap For Wednesday

(RTTNews) - China will release a raft of data on Wednesday, highlighting a busy day for Asia-Pacific economic activity. On tap are May figures for fixed asset investment, industrial production, retail sales and unemployment.

Investment is expected to rise 6.0 percent on year, slowing from 6.8 percent in April. Production is expected to fall 0.7 percent on year after sinking 2.9 percent in the previous month. Sales are predicted to slump 7.1 percent on year after dropping 11.1 percent a month earlier. The jobless rate in April was 6.1 percent.

South Korea will see May unemployment data; in April, the jobless rate was 2.7 percent.

Indonesia will provide May numbers for imports, exports and trade balance. Imports are expected to surged 34.32 percent on year, accelerating from 21.97 percent in April. Exports are called higher by an annual 39.35 percent, slowing from 47.76 percent in the previous month. The trade surplus is pegged at $3.5 billion, down from 7.56 billion a month earlier.

Japan will release April numbers for core machine orders and for its tertiary industry index. Orders are expected to slip 1.5 percent on month and climb 5.3 percent on year after advancing 7.1 percent on month and 7.6 percent on year in March. The tertiary industry index was up 1.3 percent on month in March.

New Zealand will see Q1 figures for current account, with forecasts suggesting a decline of NZ$5.5 billion following the NZ$7.26 billion shortfall in the previous three months.

Australia will see June results for the Westpac Consumer Confidence Index; in May, the index slipped 5.6 percent to a score of 90.4.

read more
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment. A downward revision in U.S. federal deficit weighed as well.
RTTNews | il y a 19 minutes
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment. Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
RTTNews | il y a 4h 59min
UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
RTTNews | il y a 5h 49min
FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April. Investors are also reacting to some corporate earnings announcements.
RTTNews | il y a 5h 57min
CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
RTTNews | il y a 6h 29min
Sensex, Nifty Snap Three-day Losing Streak

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | il y a 6h 36min
DAX Drifts Lower On Geopolitical Concerns

DAX Drifts Lower On Geopolitical Concerns

German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.
RTTNews | il y a 6h 58min