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European Economic News Preview: UK Retail Sales Data Due
(RTTNews) - Retail sales from the UK and detailed quarterly national accounts from Germany are the top economic news due on Friday.
At 2.00 am ET, the Office for National Statistics releases UK retail sales for April. Economists forecast retail sales to grow 0.3 percent on a monthly basis, after rising 0.4 percent in March. In the meantime, Destatis publishes Germany's detailed GDP data for the first quarter. The initial estimate showed that the economy grew 0.2 percent sequentially after a 0.2 percent fall seen in the fourth quarter.
Also, unemployment data is due from Sweden.
At 2.30 am ET, the Hungarian Central Statistical Office publishes unemployment data for April.
At 2.45 am ET, France's statistical office INSEE publishes consumer sentiment survey data. The consumer sentiment index is forecast to rise slightly to 93 in May from 92 in the previous month.
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Taiwan Shares May Run Out Of Steam On Tuesday
The Taiwan stock market has moved higher in three straight sessions, rallying more than 685 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 24,135-point plateau although it may be stuck in neutral on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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24 minutes ago
Singapore Q2 GDP Climbs 4.4% On Year
Singapore's gross domestic product expanded 4.4 percent on year in the second quarter of 2025, the Ministry of Trade and Industry said on Tuesday - beating forecasts for 4.3 percent, which would have been unchanged.
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31 minutes ago
Singapore Bourse May Give Up Support At 4,200 Points
The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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54 minutes ago
Rally May Stall For Malaysia Stock Market
The Malaysia stock market has moved higher in five straight sessions, collecting more than 35 points or 2.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,560-point plateau although it's due for consolidation on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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1h 24min ago
Win Streak May End For Japan Stock Market
Ahead of Monday's holiday for Mountain Day, the Japan stock market had moved higher in four consecutive sessions, advancing more than 1,580 points or 3.8 percent along the way. The Nikkei 225 now sits just above the 41,820-point plateau although investors are likely to lock in gains on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
The Nikkei finished sharply higher on Friday with gains cross the board, especially among the finance, automobile and technology sectors.
For the day, the index surged 761.38 points or 1.85 percent to finish at 41,820.48 after trading between 41,248.05 and 42,033.92.
Among the actives, Nissan Motor accelerated 2.75 percent, while Mazda Motor spiked 4.91 percent, Toyota Motor jumped 3.47 percent, Honda Motor rallied 3.95 percent, Softbank Group skyrocketed 10.39 percent, Mitsubishi UFJ Financial collected 0.64 percent, Mizuho Financial advanced 1.02 percent, Sumitomo Mitsui Financial added 0.71 percent, Mitsubishi Electric fell 0.28 percent, Sony Group soared 3.50 percent, Panasonic Holdings climbed 1.16 percent and Hitachi rose 0.50 percent.
The lead from Wall Street is negative as the major averages opened mixed on Monday, rallied midday but then slumped in the afternoon and finished under water.
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1h 39min ago
Continued Consolidation Called For South Korea Shares
The South Korea stock market has finished lower in back-to-back sessions, sinking more than 20 points or 0.6 percent along the way. The KOSPI now sits just above the 3,200-point plateau and it may take further damage again on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
RTTNews
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1h 54min ago
Australia Interest Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.
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2h 54min ago
U.S. Dollar Firms Against Majors
The U.S. dollar strengthened against its major counterparts in the New York session on Monday.
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4h 16min ago
