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European Economic News Preview: Bank Of England's Financial Stability Report Due
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(RTTNews) - The financial stability report from the Bank of England is due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, the Bank of England releases the Financial Policy Committee summary and record.
At 3.00 am ET, Spain's statistical office INE is scheduled to issue final consumer and harmonized prices for June. The flash estimate showed that consumer price inflation eased to 1.9 percent, the lowest since early 2021, from 3.2 percent in May.
At 6.00 am ET, final consumer price data is due from Portugal. Consumer price inflation is forecast to slow to 3.4 percent in June, as initially estimated, from 4.0 percent in May.
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European Shares Likely To Open On Firm Note
European stocks may open on a positive note Tuesday as trade tensions continue to ease, and China's central bank cut interest rates to record lows to stimulate the world's second-largest economy challenged by weak consumer demand and a property crisis.
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R&M Refresher Instant Milk Tea Powder Recalled
Lakewood, Washington-based R&M Trading LLC is recalling R&M Refresher brand Instant Milk Tea powder products of various flavors as they may contain undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.
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Chinese Yuan Falls To 8-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Tuesday.
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Sensex, Nifty Struggle For Direction In Early Trade
Indian shares struggled for direction on Tuesday despite firm cues from global markets.
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Australian Market Halves Early Gains In Mid-market
The Australian stock market is halving its early gains in mid-market trading on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains in technology and financial stocks partially offset a mixed performance in mining and energy stocks.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautiously optimistic on the outlook for markets after the U.S.-China temporary trade truce. They now stay focused on the outcome of US trade negotiations with India and Japan. Some traders also locked in profits following the recent upside in the markets.
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Sensex, Nifty Set To Follow Global Peers Higher
Indian shares look set to open higher on Tuesday, tracking firm cues from global markets as China cut its benchmark lending rates for the first time in 7 months to boost its struggling economy amid rising trade tensions.
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Flat Lead Called For Thai Stock Market
The Thai stock market has alternated between positive and negative finishes through the last nine trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,185-point plateau and it figures to see little movement on Tuesday.
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