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Australia Retail Sales Data Due On Wednesday
(RTTNews) - Australia will on Wednesday release November numbers for retail sales, highlighting a modest day for Asia-Pacific economic activity. Retail sales are expected to rise 0.6 percent on month after slipping 0.2 percent in October.
Australia also will provide Q4 figures for consumer prices, with forecasts suggesting an annual increase of 7.0 percent - up from 6.9 percent in the three months prior.
Japan will see November results for its leading indexes; in October, it was at 98.6.
South Korea will release December data for unemployment; in November, the jobless rate was 2.9 percent.
Malaysia will provide November numbers for industrial production with forecasts suggesting an increase of 3.0 percent, slowing from 4.6 percent in October.
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Japan Data On Tap For Friday
Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are July figures for unemployment, industrial production, retail sales, housing starts and construction orders, as well as August data for household confidence and Tokyo inflation.
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Euro Climbs Against Majors
The euro firmed against its major counterparts in the New York session on Thursday.
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Swiss Market Ends Marginally Up
The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
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European Stocks Close Weak
European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.
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Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.
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U.S. Pending Home Sales Fall More Than Expected In July
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
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Eurozone Economic Confidence Weakens In August
Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
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Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners
Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.
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