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Australia Inflation Gauge Data Due On Monday
(RTTNews) - Australia will on Monday see September data for the inflation gauge from the Melbourne Institute, highlighting a light day for Asia-Pacific economic activity. In August, inflation was seen lower by 0.3 percent on month.
Thailand is scheduled to release September figures for inflation; in August, overall inflation was down 0.79 percent on year and core CPI rose an annual 0.81 percent.
Hong Kong and Singapore will see September results for their respective private sector PMIs from S&P Global; in August, their scores were 50.7 and 48.8, respectively.
Finally, the markets in South Korea (Chuseok), Taiwan (Mid-Autumn Festival) and China (National Day) are off on Monday.
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IMF Raises Global Growth Forecast As Tariff Impact Less Severe Than Feared
The International Monetary Fund lifted the global growth forecast for this year and next as the impact of the trade tariffs has been less severe than initially expected but warned that the policy uncertainty remains high.
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53 minutes ago
TSX Rises 2% As Stocks Rally On Bargain Hunting
The Canadian market is up sharply on Tuesday with investors indulging in some hectic buying across the board, picking up stocks at reduced prices following recent steep fall.
Despite U.S. President Donald Trump's conciliatory tone over the weekend with regard to trade relations with China, there are still concerns about the trade spat between the world's two largest economies.
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3h 7min ago
U.S. Small Business Confidence Weakens For First Time In 3 Months: NFIB
Small business morale in the U.S. eroded for the first time in three months in September as business struggle with rising inflation, weaker sales outlook and labor shortage, survey data from the National Federation of Independent Business showed on Tuesday.
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3h 44min ago
Swiss Market Ends Weak; Bank Stocks Among Major Losers
Save for a brief while around mid morning, when it emerged slightly above the flat line, Switzerland's benchmark SMI languished in negative territory right through the trading session on Tuesday.
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3h 45min ago
European Stocks Close Mostly Lower On Weak Data, Trade Tensions
European stocks closed mostly weak on Tuesday although several markets in the region managed to regain most of the ground they had lost early on in the session.
The weakness was due to escalating U.S.-China trade tensions, the political upheaval in France, and some disappointing regional economic data.
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4h 5min ago
Powell Reiterates There's 'No Risk-Free Path' As Fed Navigates Tension Between Dual Goals
Federal Reserve Chair Jerome Powell spoke at the 67th Annual Meeting of the National Association for Business Economics in Philadelphia on Tuesday but did not provide much fresh insight into the outlook for interest rates. Powell reiterated his belief that there is "no risk-free path" for monetary policy.
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4h 51min ago
UK Unemployment Rate Rises; Wage Growth Slows
The UK jobless rate rose slightly, and wage growth softened in the three months to August, raising chances of an interest rate cut this year. The ILO jobless rate rose slightly to 4.8 percent from 4.7 percent in the preceding period, the Office for National Statistics reported Tuesday. The rate was seen unchanged at 4.7 percent.
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7h 31min ago
Euro Falls As US-China Tensions Escalate
The euro weakened against most major currencies in the European session on Tuesday, as trade tensions between the U.S. and China escalated, and traders monitored ongoing political upheaval in France.
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8h 29min ago
