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European Economic News Preview: German Final Inflation Data Due
(RTTNews) - Final inflation from Germany and Spain are due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer prices for April. Consumer price inflation is seen easing to 2.1 percent from 2.2 percent in March.
In the meantime, final consumer prices from Sweden and industrial production from Romania are due.
At 2.30 am ET, the Hungarian Central Statistical Office publishes final industrial production data.
At 3.00 am ET, Spain's INE publishes final consumer and harmonized prices for April. The flash estimate showed that consumer price inflation softened to 2.2 percent from 2.3 percent in March.
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Taiwan Stock Market Tipped To Open Under Pressure On Monday
The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 340 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 23,430-point plateau and it's expected to see continued consolidation on Monday.
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Singapore Shares May Take Further Damage On Monday
The Singapore stock market had finished lower in six straight sessions, surrendering almost 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,150-point plateau and it's expected to open under pressure again on Monday.
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Japan Monetary Base Slips 3.9% On Year In July
The monetary base in Japan was down 3.9 percent on year in July, the Bank of Japan said on Monday - coming in at 643.896 trillion yen.
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Malaysia Shares May Hand Back Friday's Gains
The Malaysia stock market has moved higher in two of three 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 1,535-point plateau although it may tick lower again on Monday.
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Japan Stock Market May Extend Friday's Losses
The Japan stock market headed south again on Friday, one day after ending the four-day losing streak in which it had given up almost 1,175 points or 2.8 percent. The Nikkei 225 now sits just shy of the 40,800-point plateau and it may open to the downside again on Monday.
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South Korea Shares May Extend Losing Streak
The South Korea stock market has moved lower in back-to-back sessions, tumbling more than 135 points or 3.9 percent along the way. The KOSPI now sits just shy of the 3,120-point plateau and it's likely to take further damage on Monday.
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Japan Monetary Base Data Due On Monday
Japan will on Monday release July figures for monetary base, highlighting a very light day for Asia-Pacific economic activity. In June, the base was down 3.3 percent on year.
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2j 46min yang lalu
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes
The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
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