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European Economics Preview: Germany Producer Price Data Due
(RTTNews) - Producer prices data from Germany is due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is set to issue Germany's producer prices for May. Producer price inflation is expected to remain unchanged at 33.5 percent.
At 4.00 am ET, Greece current account data is due for April. The deficit totaled EUR 2.33 billion in March.
At 5.00 am ET, Eurostat is scheduled to release eurozone construction output data for April. Production had increased 3.3 percent annually in March.
At 9.00 am ET, European Central Bank President Christine Lagarde is set to give introductory statement before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium.
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Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat
Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
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Australian Market Extends Early Gains In Mid-market
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Additional Support Anticipated For Thai Stock Market
The Thai stock market on Monday ended the two-day slide in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,230-point plateau and it's expected to open to the upside again on Tuesday.
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Japanese Market Modestly Higher
The Japanese stock market is trading modestly higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving well above the 40,400 level, with small gains across most sectors led by exporters, automakers and financial stocks.
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Rebound Called For Indonesia Stock Market
The Indonesia stock market headed south again on Monday, one session after snapping the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,465-point plateau although it's likely to see renewed support on Tuesday.
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Australian Market Significantly Higher
The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,700 level, with gains across all sectors led by mining and technology stocks.
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