Japan Data Due On Wednesday

RTTNews | 6天前
Japan Data Due On Wednesday

(RTTNews) - Japan is scheduled to release a batch of data on Wednesday, highlighting a busy day for Asia-Pacific economic activity. On tap are March figures for industrial production, retail sales, construction orders and housing starts, as well as February results for the leading and coincident indexes.

Industrial production is expected to sink 0.5 percent on month after rising 2.3 percent in February. Sales are seen higher by 3.6 percent on year, up from 1.4 percent in the previous month. Housing starts are seen higher by an annual 0.9 percent, moderating from 2.4 percent a month earlier.

Construction orders are tipped to fall 0.8 percent on year after contracting 3.3 percent in February. The leading index is expected to slip 0.3 percent on month after rising 04 percent in the previous month. The coincident is tipped to rise 0.8 percent on month, up from 0.1 percent a month earlier.

South Korea will provide March numbers for industrial production and retail sales. Production is expected to add 0.2 percent on month and 3.3 percent on year, easing from 1.0 percent on month and 7.0 percent on year in February. Retail sales are seen higher by 0.8 percent on month, easing from 1.5 percent in the previous month.

Australia will see Q1 numbers for consumer prices and March figures for private sector credit. Inflation is expected to climb 0.8 percent on quarter and 2.3 percent on year after adding 0.2 percent on quarter and 2.4 percent on year in the three months prior.

New Zealand will see April results for the business confidence index from ANZ and the activity index from NBNZ; in March, they were at 57.5 and 48.6 percent, respectively.

China will see April results for its manufacturing, non-manufacturing and composite PMIs from the National Bureau of Statistics; in March, their scores were 50.5, 50.8 and 51.4, respectively.

Thailand will release March figures for industrial production, current account, imports, exports and trade balance. In February, production was down 3.91 percent on year, while the current account showed a surplus of $5.50 billion. Imports were up 4.1 percent on year and exports jumped 13.9 percent for a trade surplus of $4.40 billion.

The Thai central bank also will wrap up its monetary policy meeting and then announce its decision on interest rates; the bank is expected to trim its benchmark lending rate by 25 basis points, to 1.75 percent from 2.00 percent.

Taiwan will provide preliminary Q1 numbers for gross domestic product, with forecasts suggesting an increase of 3.3 percent on year following the 2.9 percent expansion in the previous three months.

read more
UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

New car registrations in the U.K. decreased in April mainly due to customers making purchases early to avoid higher taxes that came into effect at the start of the month, though electric car sales continued to increase, monthly data from the Society of Motor Manufacturers and Traders showed on Tuesday.
RTTNews | 1小時56分鐘前
U.S. Trade Deficit Spikes To Record High In March As Import Surge

U.S. Trade Deficit Spikes To Record High In March As Import Surge

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.
RTTNews | 2小時43分鐘前
Eurozone Private Sector Growth Eases On Weaker Demand

Eurozone Private Sector Growth Eases On Weaker Demand

Euro area private sector growth weakened in April as soft demand conditions limited the speed of expansion and weighed on sentiment, final results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB final composite output index fell to 50.4 in April from 50.9 in March, but the reading suggested growth for the fourth straight month.
RTTNews | 3小時46分鐘前
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may be weighed down on Tuesday by U.S. President Donald Trump's announcement on Monday that he is likely to announce pharmaceutical tariffs soon. The Federal Reserve's monetary policy announcement, due on Wednesday, is also in focus. However, higher crude oil and metal prices could trigger some buying in energy and materials space.
RTTNews | 4小時22分鐘前
Philips Cuts FY25 Margin View On Tariffs, Despite Higher Q1 Income, Orders; Stock Down

Philips Cuts FY25 Margin View On Tariffs, Despite Higher Q1 Income, Orders; Stock Down

Shares of Royal Philips N.V. were losing around 3 percent in the mid-day trading in Amsterdam, as well as around 5 percent in pre-market activity on the NYSE, after the Dutch consumer electronics giant on Tuesday trimmed its margin forecast for fiscal 2025 to reflect the estimated net tariff impact of 250 million euros to 300 million euros. Further, the firm maintained annual sales view,...
RTTNews | 5小時26分鐘前
FTSE 100 Down Slightly As Stocks Turn In Mixed Performance

FTSE 100 Down Slightly As Stocks Turn In Mixed Performance

U.K. stocks are turning in a mixed performance in cautious trade on Tuesday with traders back to trading after a long weekend. Investors are awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.
RTTNews | 5小時27分鐘前
Yen Rises Amid Risk-off Mood

Yen Rises Amid Risk-off Mood

The Japanese yen strengthened against other major currencies in the European on Tuesday, as European stocks traded lower as investors assessed the latest batch of earnings and awaited upcoming Fed and BoE meetings.
RTTNews | 5小時38分鐘前