New Zealand Interest Rate Decision Due On Wednesday

RTTNews | il y a 748
New Zealand Interest Rate Decision Due On Wednesday

(RTTNews) - The Reserve Bank of New Zealand will on Wednesday conclude its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBNZ is widely expected to keep its Official Cash Rate unchanged at 5.50 percent.

South Korea will see July data for imports, exports and trade balance. In June, imports were down 25.4 percent and exports sank 16.5 percent for a trade surplus of $1.63 billion.

Australia will see July results for the leading index from the Melbourne Institute; in June, the index rose 0.1 percent on month.

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Pound Slides After UK Starmer's Reshuffle

Pound Slides After UK Starmer's Reshuffle

The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline. In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.
RTTNews | il y a 1h 13min
Eurozone Inflation Rises Slightly To 2.1%

Eurozone Inflation Rises Slightly To 2.1%

Eurozone inflation rose marginally in August but the rate remained near to the European Central Bank's 2 percent target, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.1 percent year-on-year in August, slightly faster than the 2.0 percent increase in July, flash data from Eurostat showed.
RTTNews | il y a 1h 22min
European Shares Slide As Inflation Accelerates

European Shares Slide As Inflation Accelerates

European stocks traded lower on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
RTTNews | il y a 1h 50min
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Tuesday.
RTTNews | il y a 1h 58min
FTSE Edges Lower As Yields Jump On Debt Concerns

FTSE Edges Lower As Yields Jump On Debt Concerns

U.K. stocks traded lower on Tuesday as the 30-year gilt yield hit a 27-year high at 5.680 percent in early trading on rising debt concerns, in a pre-budget blow for chancellor Rachel Reeves.
RTTNews | il y a 2h 9min