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Japan Producer Price Data Due On Wednesday
(RTTNews) - Japan will on Tuesday release February figures for producer prices, highlighting a modest day for Asia-Pacific economic activity. Producer prices are seen steady, up 3.1 percent on year.
Japan also will see January results for its leading and coincident indexes; in December, they were up 0.5 percent and 1.0 percent on month, respectively.
Singapore will provide February numbers for industrial production; in January, industrial production was up 4.5 percent on month and 9.1 percent on year.
Thailand is scheduled to release February figures for imports, exports and trade balance. In January, imports were up 7.9 percent and exports rose 13.6 percent for a trade deficit of $1.880 billion.
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U.S. Consumer Prices Increase In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.
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Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.
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The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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