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New Zealand Current Account Data Due On Wednesday
New Zealand will on Wednesday release Q1 numbers for current account, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends On Firm Note
The Canadian market ended on a firm note on Tuesday despite paring a substantial portion of its early gains.
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South Korea Export Prices Slip 1.3% On Month In May
Export prices in South Korea were down 1.3 percent on month in May, the Bank of Korea said on Wednesday - after rising 0.4 percent in April.
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Dollar Loses Ground Against Major Counterparts After Inflation Data
The U.S. dollar drifted lower against its major counterparts on Tuesday after data showing a slowdown in consumer price inflation raised hopes the Federal Reserve will pause rate increases when it announces its monetary policy decision on Wednesday.
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Canadian Market Remains In Positive Territory As Energy Stocks Hold Gains
The Canadian market remains firmly in positive territory Tuesday afternoon despite paring some early gains.
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Swiss Market Ends Modestly Higher
The Switzerland stock market ended modestly higher on Tuesday, shrugging off a setback it suffered around mid afternoon.
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European Stocks Close Higher On Encouraging Economic Data
European stocks shrugged off a mid-session setback and closed higher on Tuesday thanks to strong economic data from Germany and a surprise rate cut decision by the People's Bank of China.
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U.S. Dollar Dips As Slowdown In Inflation Reinforces Fed Pause Bets
The U.S. dollar was lower against its most major counterparts in the European session on Tuesday, as softer-than-expected inflation data for May supported expectations that the Federal Reserve will pause rate increases at its monetary policy decision due Wednesday.
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U.S. Consumer Prices Inch Higher In May, Annual Growth Slows To Two-Year Low
The Labor Department released its highly anticipated report on consumer price inflation in the month of May on Tuesday, showing prices edged slightly higher. The report said the consumer price index inched up by 0.1 percent in May after climbing by 0.4 percent in April. Economists had expected prices to tick up by 0.2 percent.
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China Cuts Key Policy Rate In Surprise Move To Boost Slowing Economy
The People's Bank of China unexpectedly reduced its short-term borrowing rate on Tuesday and authorities are expected to add more stimulus in the days ahead by way of a cut to the benchmark lending rate as several economic indicators have revealed a sagging economy after the post-pandemic reopening turned out to be quite tepid.
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U.S. Consumer Prices Inch Up Less Than Expected In May
The Labor Department released its highly anticipated report on consumer price inflation in the month of May on Tuesday, showing prices edged slightly higher.
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German Economic Confidence Unexpectedly Improves In June
Germany's economic confidence unexpectedly improved in June but remained in the negative zone for the second straight month indicating that financial market experts see no improvement in the economic situation over the second half of the year, results of a closely watched survey showed Tuesday. The ZEW Indicator of Economic Sentiment unexpectedly rose to -8.5 in June from -10.7 in May.
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Bay Street Seen Opening Higher; U.S. Inflation Data, Fed Meeting In Focus
Canadian shares are likely to open on a positive note on Tuesday, tracking higher crude oil and bullion prices. Still, with the focus on U.S. inflation data and the Federal Reserve's monetary policy meeting, the mood is likely to be a bit cautious.
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