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European Economics Preview: Italy Retail Sales Data Due
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(RTTNews) - Retail sales data from Italy is due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Norway publishes consumer and producer prices for June. Consumer price inflation is forecast to rise to 5.9 percent from 5.7 percent in May. In the meantime, foreign trade from Romania and consumer prices from Lithuania are due.
At 3.00 am ET, the Czech Statistical Office releases retail sales for May. Economists forecast sales to fall 1.5 percent annually, reversing April's 5.0 percent increase.
At 5.00 am ET, the Hellenic Statistical Authority releases Greece retail sales, industrial production and producer prices data.
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Indonesia Bourse May Add To Its Winnings On Monday
The Indonesia stock market on Friday snapped the two-day slide in which it had slipped more than 25 points or 0.3 percent. The Jakarta Composite Index now sits just above the 7,530-point plateau and it may extend its gains on Monday.
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Higher Open Called For Hong Kong Stock Market
The Hong Kong stock market on Friday wrote a finish to the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,850-point plateau although it may bounce higher again on Monday.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,800.00 level, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
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Mild Upside Seen For China Stock Market
The China stock market on Friday halted the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just above the 3,635-point plateau although it may tick higher again on Monday.
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Taiwan Bourse May Extend Winning Streak
The Taiwan stock market has moved higher in two straight sessions, rallying more than 570 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just above the 24,020-point plateau and it may add to its winnings again on Monday.
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Singapore Stock Market May Erase Friday's Losses
The Singapore stock market on Friday ended the four-day winning streak in which it had gathered more than 100 points or 2.4 percent. The Straits Times Index now sits just beneath the 4,240-point plateau although it's likely to find renewed support on Monday.
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Additional Support Predicted For Malaysia Stock Market
The Malaysia stock market has moved higher in four straight sessions, collecting almost 30 points or 2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,555-point plateau and it's got another green light for Monday's trade.
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Rebound Anticipated For South Korea Stock Market
The South Korea stock market on Friday wrote a finish to the four-day winning streak in which it had jumped almost 110 points or 3.6 percent. The KOSPI now sits just above the 3,210-point plateau although it may bounce higher again on Monday.
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