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China Yuan Loan Data Due On Thursday
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(RTTNews) - China will on Thursday release October data for new yuan loans, highlighting a light day for Asia-Pacific economic activity.
New loans are forecast at CNY800 billion, down from CNY2.470 trillion in September. The M2 money supply is expected to ease to 12 percent on year from 12.1 percent in the previous month, while outstanding loan growth is seen steady at 11.2 percent.
Australia will provide November numbers for its inflation forecast; in October, consumer prices were seen higher by an annual 5.4 percent.
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German Economic Confidence Weakens In November
German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.
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Senex, Nifty End Higher On Fed Rate Cut Hopes
Indian shares eked out modest gains on Tuesday, with trade deal hopes and expectations of Federal Reserve interest-rate cuts helping underpin investor sentiment.
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European Shares Climb As US Senate Approves Deal To End Government Shutdown
European stocks hit a two-week high on Tuesday after the U.S. Senate passed a short-term funding bill to end the longest government shutdown in U.S, history. The bill will now be sent to the House, where a vote could come as early as Wednesday.
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Asian Shares End On Mixed Note
Asian stocks gave up early gains to end mixed on Tuesday after rising in the previous session as U.S. lawmakers moved toward reopening the federal government.
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European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic sentiment from Germany are the major economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK labor market statistics. The jobless rate is forecast to rise to 4.9 percent in the three months to September from 4.8 percent in the preceding period.
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European Shares Seen Higher As US Senate Passes Bill To End Shutdown
European stocks are seen opening on a positive note Tuesday after the U.S. Senate passed the funding bill to end the longest-running government shutdown in history.
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Sensex, Nifty Modestly Lower In Cautious Trade
Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.
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Australian Market Slips To Losses In Mid-market
The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
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