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Australia Trade Data Due On Thursday
(RTTNews) - Australia will on Thursday release June figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In May, imports were up 2.0 percent on month and exports rose 4.0 percent for a trade surplus of A$11.791 billion.
Australia also will see Q2 numbers for retail sales, with forecasts suggesting a decline of 1.8 percent on quarter following the 0.6 percent drop in the three months prior.
Finally, some of the regional nations will see July results for their respective services PMIs from S&P Global, including Australia, Japan (Jibun), Hong Kong (private sector), Singapore (private sector), and China (Caixin).
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DAX Down Over 1% On Economic Worries; Allianz, Siemens Energy Up Sharply On Earnings
German stocks are down in negative territory on Friday, weighed down by concerns about high valuations in the tech sector, and some uncertainty about the Federal Reserve's policy moves.
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Sensex, Nifty End Choppy Session Marginally Higher
Indian shares ended higher on Friday as the NDA looked poised to make a roaring return in Bihar again.
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European stocks traded lower on Friday, extending losses from the previous session as investors fretted about an artificial intelligence bubble and the outlook for U.S. interest rates.
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China Industrial Output, Retail Sales Growth Eases
China industrial production and retail sales grew at weaker rates in October and investment downturn deepened as economic activity weakened towards the end of the year. Industrial production logged an annual growth of 4.9 percent in October, the National Bureau of Statistics said Friday. This followed September's 6.5 percent expansion.
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Asian stocks followed Wall Street lower on Friday as investors fretted about lofty tech valuations and the U.S. economic outlook.
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NZ Dollar Rises After China Economic Data
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday, following the release of the China retail sales and industrial production data in October.
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NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
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European Economic News Preview: Eurozone GDP Data Due
Flash GDP estimate and foreign trade from the euro area and final inflation figures from France are due on Friday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes final inflation data for October. According to flash estimate, consumer price inflation eased to 1.0 percent from 1.2 percent in September.
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