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Malaysia Trade Data Due On Monday
(RTTNews) - Malaysia will on Monday release October figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In September, imports were down 11.1 percent on year and exports dropped 13.7 percent for a trade surplus of MYR24.50 billion.
Taiwan will provide October numbers for export orders and Q# data for current account. In September, export orders slumped 15.6 percent on year, while the current account surplus in Q2 was $22.24 billion.
Thailand will see Q3 figures for gross domestic product; in the three months prior, GDP was up 0.2 percent on quarter and 1.8 percent on year.
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UK Jobless Rate Rises; Wage Growth Softens
The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
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European Shares Mostly Lower; FTSE 100 Rises After Employment Data
European stocks were mostly lower on Tuesday as investors closely monitored the second day of high-stakes U.S.-China trade negotiations.
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Asian Shares Rise As US-China Talks Gather Momentum
Asian stocks advanced on Tuesday ahead of a second day of talks in London between China and the U.S. to resolve tariff disputes and strengthen economic relations.
U.S. officials expressed optimism after the first day of negotiations, boosting investor sentiment.
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Pound Slides On Weak U.K. Employment Data
The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the early European session on Tuesday.
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European Shares Seen Tad Higher As Sino-US Trade Talks Enter Second Day
European stocks are likely to open higher on Tuesday as U.S.-China trade talks continue for a second day in London to defuse tensions over chip exports and critical minerals.
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Australia NAB Business Conditions Ease; Confidence Improves
Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
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Sensex, Nifty Lack Direction, Ongoing Trade Talks In Focus
Indian shares struggled for direction on Tuesday as investors waited for the outcome of U.S.-China talks that could pave the way for easing trade tensions.
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