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European Economics Preview: Eurozone Final HICP Data Due
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(RTTNews) - Final harmonized inflation data from Euro area is due on Friday, headlining a light day for the European economic news.
At 3.00 am ET, cosumer and harmonized prices figures are due from Austria. Consumer price inflation is expected to rise to 8.0 percent in May from 7.2 percent in April.
In the meantime, construction output figures are due from Italy.
At 5.00 am ET, Eurostat publishes eurozone final HICP data for May. According to flash estimate, inflation rose to a record 8.1 percent from 7.4 percent in April. The statistical office is expected to confirm the preliminary estimate.
In the meantime, foreign trade data is due from Italy.
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Thai Stock Market Expected To Open In The Red Again On Monday
The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
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Indonesia Bourse May Turn Lower Again On Monday
The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
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The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.
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No Help Yet For Hong Kong Stock Market
The Hong Kong stock market has tracked lower in four straight sessions, dropping more than 1,050 points or 4 percent along the way. The Hang Seng Index now rests just above the 24,500-point plateau and it's expected to open in the red again on Monday.
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Lower Open Predicted For China Stock Market
The China stock market has finished lower in consecutive trading days, sinking more than 55 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,560-point plateau and the losses may accelerate on Monday.
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Australian Market Slightly Lower
The Australian stock market is slightly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just above the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
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Taiwan Stock Market Tipped To Open Under Pressure On Monday
The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 340 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 23,430-point plateau and it's expected to see continued consolidation on Monday.
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Singapore Shares May Take Further Damage On Monday
The Singapore stock market had finished lower in six straight sessions, surrendering almost 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,150-point plateau and it's expected to open under pressure again on Monday.
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il y a 2h 20min