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RBA Minutes On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will on Monday release the minutes from its monetary policy meeting on June 7, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the RBA raised its key interest rate by a bigger-than-expected 50 basis points to 0.85 percent from 0.35 percent, which was the biggest hike since 2000, and vowed to withdraw the monetary support to bring inflation back to the target. This was the second consecutive rate hike after lifting a quarter-point in May.
Hong Kong will see Q1 numbers for current account and May inflation data. The current account surplus was HKD96.1 billion in the previous quarter. Inflation in April was down 0.2 percent on month and up 1.3 percent on year.
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New Zealand Jobless Rate Climbs To 5.2% In Q2
The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.
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20 minutes ago
Taiwan Shares May Head South Again On Wednesday
The Taiwan stock market on Tuesday wrote a finish to the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 23,660-point plateau although it may see renewed consolidation on Wednesday.
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22 minutes ago
Singapore Stock Market May Spin Its Wheels On Wednesday
The Singapore stock market has climbed higher in two straight sessions, gathering more than 50 points or 1.2 percent along the way. The Straits Times Index now sits just beneath the 4,210-point plateau although it may be stuck in neutral on Wednesday.
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52 minutes ago
Malaysia Bourse May Hand Back Tuesday's Gains
The Malaysia stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,540-point plateau and it's likely to remain rangebound again on Wednesday.
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1h 22min ago
Japan Shares May Turn Lower Again On Wednesday
The Japan stock market on Tuesday wrote a finish to the two-day slide in which it had tumbled almost 780 points or 1.8 percent. The Nikkei 225 now sits just shy of the 40,550-point plateau although it may head south again on Wednesday.
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1h 37min ago
South Korea Shares May Be Stuck In Neutral
The South Korea stock market has moved higher in back-to-back sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau although the rally may stall on Wednesday.
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1h 52min ago
New Zealand Unemployment Data Due On Wednesday
New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
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2h 52min ago
U.S. Dollar Declines Amid Soft ISM PMI Data
The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday amid soft ISM services PMI data for July.
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3h 33min ago
