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New Zealand Terms Of Trade Data Due On Friday
(RTTNews) - New Zealand will on Friday release Q2 figures for import prices, export prices and terms of trade, headlining a light day for Asia-Pacific economic activity.
Import prices are expected to rise 2.5 percent on quarter, down from 7.2 percent in Q1. Export prices are tipped to add 0.8 percent on quarter, slowing from 7.8 percent in the previous three months. The terms of trade are seen lower by 1.3 percent on quarter after adding 0.5 percent in the three months prior.
South Korea will provide August numbers for consumer prices, with forecasts suggesting an increase of 0.3 percent on month and 6.1 percent on year - slowing from 0.5 percent on month and 6.3 percent on year in July.
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Japan Data On Tap For Friday
Japan will release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are June figures for household spending and current account and July numbers for bank lending and the eco watchers survey.
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1h 5min ago
U.S. Dollar Rises As Waller Emerges As Potential Fed Chair Successor
The U.S. dollar climbed against its most major counterparts in the New York session on Thursday, as Federal Reserve governor Christopher Waller emerged as a top candidate to replace Chair Jerome Powell.
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1h 51min ago
U.S. Wholesale Inventories Inch Up Less Than Expected In June
Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
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7h 57min ago
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
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8h 28min ago
U.S. Jobless Claims Rise More Than Expected To 226,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
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8h 39min ago
Bank Of England Cuts Rate In Tight Vote
The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
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9h 36min ago
Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street
Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.
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10h 18min ago
U.S. Labor Productivity Surges 2.4% In Second Quarter
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.
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10h 25min ago
