China Inflation Data Due On Friday

RTTNews | 927 days ago
Stocktwits
China Inflation Data Due On Friday

(RTTNews) - China will on Friday release May numbers for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity. In April, consumer prices were down 0.1 percent on month and up 0.1 percent on year, while producer prices sank 3.6 percent on year.

South Korea will provide April figures for current account, with forecasts suggesting a deficit of $1.38 billion following the $0.27 billion surplus in March.

Malaysia will see April data for industrial production and unemployment. In March, industrial production was up 3.1 percent on year and the jobless rate was 3.5 percent.

Japan will release May numbers for its M2 money stock, with forecasts calling for an increase of 2.7 percent on year - up from 2.5 percent in April.

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China Keeps Key Interest Rates Unchanged

China Keeps Key Interest Rates Unchanged

China maintained its benchmark interest rates for the seventh straight month, as widely expected, on Monday. The People's Bank of China left its one-year loan prime rate unchanged at 3.0 percent on Monday. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
RTTNews | 1h 23min ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,650.00 level, with gains across most other sectors led by mining and technology stocks.
RTTNews | 4h 33min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, boosted by sharp gains in technology shares which mirrored their peers on the tech-heavy Nasdaq amid solid earnings news and easing concerns of a tech bubble. Optimism about more monetary easing by the US Fed following soft inflation data continues to lift the markets.
RTTNews | 4h 37min ago
Thai Shares Tipped To Move Higher On Monday

Thai Shares Tipped To Move Higher On Monday

The Thai stock market of Friday ended the three-day losing streak in which it had stumbled more than 20 points or 1.8 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's expected to open to the upside again on Monday.
RTTNews | 5h 51min ago
Indonesia Bourse Poised To Snap Losing Streak

Indonesia Bourse Poised To Snap Losing Streak

The Indonesia stock market has moved lower in three straight sessions, shedding almost 80 points or 0.9 percent along the way. The Jakarta Composite Index now sits just beneath the 8,610-point plateau although it's due for support on Monday.
RTTNews | 6h 21min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving above the 50,400 level, with gains across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 6h 25min ago
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