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New Zealand Rate Decision Due On Wednesday
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a light day in Asia-Pacific economic activity.
The RBNZ is widely expected to keep its Official Cash Rate unchanged at 5.50 percent.
Australia will provide Q3 data for construction work done, with forecasts suggesting an increase of 0.3 percent on quarter following the 0.4 percent gain in the three months prior.
The central bank in Thailand will conclude its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep its benchmark lending rate steady at 2.50 percent.
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European Shares Inch Higher In Cautious Trade
European stocks edged higher on Friday and were on track for their strongest week since May, driven by investor optimism over artificial intelligence and Fed rate cut hopes.
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14 minutes ago
Asian Shares Mixed; Hong Kong Stocks Slip On Profit Booking
Asian stocks ended mixed in cautious trade on Friday as concerns about a U.S. government shutdown and potential federal job cuts offset excitement around AI as well as expectations of further interest-rate cuts by the U.S. Federal Reserve.
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31 minutes ago
European Shares Seen Higher At Open
European stocks are likely to open higher on Friday, with renewed optimism around artificial intelligence and Fed rate cut hopes likely to underpin investor sentiment, heading into the weekend.
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4h 3min ago
European Economic News Preview: Eurozone Final Composite PMI Due
Final composite purchasing managers' survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes industrial production data for August. Output is forecast to rebound 0.3 percent on a monthly basis, following a 1.1 percent drop in July.
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4h 51min ago
Sensex, Nifty Marginally Lower In Early Trade
Indian shares were slightly lower on Friday, after having risen sharply in the previous session on dovish RBI pause.
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4h 58min ago
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves on Friday, but 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 8,950 level, with gains in financial and technology stocks partially offset by weakness in mining stocks.
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6h 2min ago
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, with mainland China and South Korean markets closed for holidays. Optimism about the outlook for interest rates and weakening US dollar against major currencies in the region are aiding market sentiment. Asian markets ended mostly higher on Thursday.
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6h 33min ago
Sensex, Nifty Set For Cautious Start
Indian shares look set to open on a tepid note on Friday despite firm cues from global markets on continued optimism around artificial intelligence.
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6h 52min ago
