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European Economic News Preview: UK Labor Market Data Due
Labor market statistics from the UK and economic sentiment from Germany are the top economic news due on Tuesday, headlining a busy day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is seen unchanged at 3.7 percent in three months to November.
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European Shares Poised For Mixed Open On Weak China Data
European stocks are seen opening on a mixed note Tuesday, as investors digest weak Chinese data and await more earnings reports from the U.S. for direction.
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Sensex, Nifty Trade Higher In Early Trade; Financials Underperform
Indian shares were moving higher on Tuesday, as other Asian markets pared early losses after the release of better-than-expected Chinese Q4 and FY22 GDP data.
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Asian Markets Mostly Lower Amid Weak China Data
Asian stock markets slipped in to the red on Tuesday, despite the positive cues from European markets overnight, as traders reacted to weak fourth-quarter economic data emerging from China, which reported its second-lowest annual economic growth in almost 50 years. Traders are also assessing stubborn inflation, possible recession and the growth outlook for the markets.
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Sensex, Nifty Seen Flat To Lower On Weak China GDP Data
Indian shares may open on a subdued note Tuesday, tracking a muted trend in other Asian markets.
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Japanese Market Sharply Higher
The Japanese stock market is sharply higher on Tuesday, recouping some of the losses in the previous two sessions, with the Nikkei 225 moving to nearly the 26,200 level, following the positive cues from European markets overnight, with gains in heavyweight stocks and technology stocks. Traders are also cautious as the Bank of Japan kicks off a two-day monetary policy meeting.
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Australian Market Modestly Higher
The Australian stock market modestly higher on Tuesday after being in the red at open, extending the gains in the previous fourth sessions, with the benchmark S&P/ASX 200 moving to just below the 7,400 level at nine-month highs, following the positive cues from European markets overnight, after domestic data showed consumer sentiment growing for a second straight month in January.
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more news
China GDP Data Due On Tuesday
China is scheduled to release a batch of data on Tuesday, headlining a busy day for Asia-Pacific economic activity. On tap are Q4 numbers for GDP and December data for industrial production, retail sales and unemployment.
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TSX Rises For 7th Straight Session, Ends Marginally Up
The Canadian stock market ended marginally up after moving in a tight range on Monday, extending gains to a seventh straight session. Healthcare, consumer staples and technology stocks were among the notable gainers.
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Canadian Market Modestly Higher In Cautious Trade
The Canadian market is exhibiting a mixed trend on Monday after six successive days of gains.
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Swiss Market Ends On Strong Note
The Switzerland market, which opened modestly higher Monday morning, ended the day's session on a strong note, with stocks gaining in strength as the session progressed.
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European Stocks Close Higher Again
European stocks closed modestly higher on Monday with investors assessing inflation and growth outlook and focusing on the earnings season.
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Pound Declines Ahead Of Key Economic Data
The pound was lower against its major rivals in the European session on Monday, as investors await key data on inflation and jobs due out from the U.K. this week.
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