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Japan Inflation Data Due On Tuesday
(RTTNews) - Japan will on Tuesday release January figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. In December, overall inflation was down 0.1 percent on month and up 2.6 percent on year, while core CPI rose an annual 2.3 percent.
Taiwan will provide January results for export orders and Q4 data for current account. Export orders are expected to sink 3.6 percent on year after tumbling 16.0 percent in December. The current account surplus in Q3 was $27.22 billion.
Hong Kong will see January numbers for imports, exports and trade balance. In December, import were up 11.6 percent on year and exports rose 11.0 percent for a trade deficit of HKD59.9 billion.
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Dollar Extends Losses Amidst Powell's Dovish Surprise
A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
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39 minutes ago
German Ifo Business Confidence Strongest Since 2024
German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
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41 minutes ago
CAC 40 Down Nearly 0.6% In Cautious Trade
French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.
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1h 16min ago
DAX Modestly Lower As Investors Wait For Directional Clues
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1h 49min ago
Sensex, Nifty End Higher As IT Stocks Surge On Dovish Fed Boost
Indian shares ended modestly higher on Monday, with IT stocks leading the surge following dovish remarks from U.S. Federal Reserve Chair Jerome Powell.
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2h 6min ago
Antipodean Currencies Traded Higher Amid Risk-on Mood
The antipodean currencies such as the Australia and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Asian stock markets traded higher, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted.
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2h 32min ago
European Shares Inch Lower As Focus Shifts To Inflation Readings
European stocks drifted lower on Monday ahead of key inflation releases from Germany, France, Italy, and Spain due later in the week.
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3h 32min ago
Asian Shares Rise As Powell Signals Rate Cuts
Asian stocks rose broadly on Monday as Federal Reserve Chair Jerome Powell's dovish signals at the Jackson Hole symposium opened the door to an interest rate cut next month.
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3h 52min ago
