Japan Inflation Data Due On Friday

RTTNews | 883 days ago
Japan Inflation Data Due On Friday

(RTTNews) - Japan will on Friday release February data for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In January, overall inflation was up 0.5 percent on month and 4.3 percent on year, while core CPI rose an annual 4.2 percent.

Malaysia will release February numbers for consumer prices, with forecasts calling for an increase of 3.6 percent on year, easing from 3.7 percent in January.

Singapore will provide February data for industrial production, with forecasts suggesting an increase of 0.7 percent on month and a decline of 1.9 percent on year. That follows the 1.1 percent monthly decline and the 2.7 percent annual drop in January.

Taiwan will see February figures for unemployment; in January, the jobless rate was 3.6 percent.

Thailand will release February numbers for imports, exports and trade balance. Imports are expected to rise 2.1 percent, down from 5.5 percent in January. Exports are called lower by an annual 7.0 percent after slipping 4.5 percent in the previous month. The trade deficit is pegged at $1.90 billion following the $4.65 billion shortfall a month earlier.

read more
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | 6h 46min ago
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | 12h 16min ago
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | 14h 25min ago
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | 18h 47min ago
U.S. Dollar Rises Ahead Of Fed's Powell Speech

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews | 18h 51min ago
CAC 40 Up Slightly In Lackluster Trade

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
RTTNews | 19h 8min ago