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Japan Producer Price Data Due On Wednesday
(RTTNews) - Japan will on Wednesday release February figures for producer prices, highlighting a modest day for Asia-Pacific economic activity. Producer prices are expected to slip 0.1 percent on month and rise 4.0 percent on year after adding 0.3 percent on month and 4.2 percent on year in January.
New Zealand will provide February numbers for electronic card retail sales; in January, sales were down 1.6 percent on month and 0.5 percent on year.
Malaysia will release January figures for industrial production, with forecasts suggesting an increase of 2.7 percent on year - moderating from 4.6 percent in December.
Indonesia will see January numbers for retail sales; in December, sales were up 1.8 percent on year.
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Bay Street Likely To Open With Negative Gap
Sharply lower Canadian and U.S. futures and weak commodity prices point to a gap down opening on Bay Street Tuesday morning.
The focus will be on the Federal Budget to be presented by Canadian Prime Minister Mark Carney today.
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Uber Q3 Profit Surges On Higher Trips, Sees Growth In Q4; But Stock Drops
Uber Technologies, Inc. reported Tuesday significantly higher profit in its third quarter as revenues beat market estimates, benefited by strong growth in trips. Bookings also were higher than last year, and the ride-hailing and food delivery company issued fourth-quarter outlook, expecting a growth. Meanwhile, the shares were losing around 5 percent in the pre-market activity.
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1घंटे 44 मिनट पहले
FTSE 100 Drifts Lower; Miners Among Notable Losers
The U.K. market is down in negative territory on Monday, weighed down by losses in the mining sector. The mood remains quite cautious amid concerns about global economic growth as several central banks, including the Federal Reserve and the European Central Bank signaling that further interest rate cuts are unlikely in the coming months.
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CAC 40 Drops To 3-week Low On Widespread Selling
France's CAC 40 index dropped to a three-week low on Tuesday with investors choosing to trim down positions in riskier assets amid concerns about the potential impact of the government shutdown in the U.S., some hawkish comments from Fed officials and mixed corporate earnings from the region.
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DAX Down Sharply As Stocks Tumble On Growth Worries
The German market is down sharply in negative territory on Tuesday with stocks from across several sectors reeling under pressure as investors react to mixed earnings updates, and weak U.S. manufacturing data and hawkish comments from some Fed officials.
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Sensex Drops Over 500 Points; Nifty Ends Below 25,600
Indian shares ended Tuesday's session lower after three top Federal Reserve officials pushed back against expectations of another interest rate cut in December.
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Indian Rupee Rises To 5-day High Against U.S. Dollar
The Indian rupee strengthened against the U.S. dollar in the Asian session on Tuesday, in anticipation that the Reserve Bank of India (RBI) has intervened in the currency market to boost the Indian Rupee.
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Commodity Currency's Slide Amid Risk-Off Sentiment
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Tuesday, as Asian stocks traded lower as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.
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