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European Economic News Preview: Spain Unemployment Data Due
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(RTTNews) - Unemployment from Spain is the top economic news due on Tuesday, headlining a light day for the European economic news.
At 2.30 am ET, the Federal Statistical Office releases Swiss consumer prices for September. Inflation is forecast to rise to 1.8 percent from 1.6 percent in August.
At 3.00 am ET, Spain's labor office is scheduled to publish unemployment data for September. The jobless claims are forecast to fall 12,200 after an increase of 24,800 in August.
At 6.00 am ET, Italy's statistical office releases non-EU trade data for July. The surplus totaled EUR 9.45 billion in June.
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China Bourse May Extend Winning Streak
The China stock market has moved higher in back-to-back sessions, collecting more than 30 points or 0.9 percent along the way. The Shanghai Composite Index now sits just above the 3,665-point plateau and it may add to its winnings on Wednesday.
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Taiwan Stock Market Expected To Open In The Green
The Taiwan stock market has moved higher in four straight sessions, rallying more than 700 points or 3 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,160-point plateau and it may see additional support again on Wednesday.
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Singapore Shares May Stop The Bleeding On Wednesday
The Singapore stock market has finished lower in three straight sessions, slipping almost 40 points or 0.9 percent along the way. The Straits Times Index now sits just above the 4,220-point plateau although it may find traction on Wednesday.
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Japan Producer Prices Rise 0.2% In July
Producer prices in Japan were up 0.2 percent on month in July, the Bank of Japan said on Wednesday.
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Win Streak May Continue For Malaysia Stock Market
The Malaysia stock market has moved higher in six straight sessions, collecting more than 40 points or 2.7 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,565-point plateau and it's tipped to open in the green again on Wednesday.
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Overbought Japan Bourse Nonetheless Called Higher On Wednesday
The Japan stock market had moved higher in five consecutive sessions, advancing more than 2,480 points or 6 percent along the way. The Nikkei 225 now sits just beneath the 42,720-point plateau and it has a positive lead again on Wednesday.
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KOSPI Poised To Halt Losing Streak
The South Korea stock market has finished lower in three straight sessions, sinking more than 35 points or 1.2 percent along the way. The KOSPI now sits just beneath the 3,190-point plateau although it may stop the bleeding on Wednesday.
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Australia Wage Price Data Due On Wednesday
Australia will on Wednesday release Q2 data for its wage price index, highlighting a modest day for Asia-Pacific economic activity. Wages are expected to rise 0.8 percent on quarter and 3.3 percent on year, easing from 0.9 percent on quarter and 34 percent on year in the three months prior.
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