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European Economics Preview: Eurozone Final HICP Data Due
(RTTNews) - Final harmonized inflation data from Euro area is due on Friday, headlining a light day for the European economic news.
At 3.00 am ET, cosumer and harmonized prices figures are due from Austria. Consumer price inflation is expected to rise to 8.0 percent in May from 7.2 percent in April.
In the meantime, construction output figures are due from Italy.
At 5.00 am ET, Eurostat publishes eurozone final HICP data for May. According to flash estimate, inflation rose to a record 8.1 percent from 7.4 percent in April. The statistical office is expected to confirm the preliminary estimate.
In the meantime, foreign trade data is due from Italy.
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Higher Open Called For Taiwan Stock Market
The Taiwan stock market turned lower again on Thursday, one day after snapping the two-day slide in which it had slumped more than 260 points or 1.3 percent. The Taiwan Stock Exchange now sits just shy of the 20,550-point plateau, although it's likely to rebound again on Friday.
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Renewed Support Anticipated For Singapore Stock Market
The Singapore stock market on Thursday ended the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just shy of the 3,850-point plateau although it's expected to bounce higher again on Friday.
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Japan Household Spending Rises 2.1% On Year In March
The average of household spending in Japan was up 2.1 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 290,511 yen.
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Little Movement Expected For Malaysia Stock Market
The Malaysia stock market headed south again on Thursday, one session after ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's expected to remain rangebound again on Friday.
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Japan Bourse May Extend Thursday's Gains
The Japanese stock market bounced higher again on Thursday, one day after halting the seven-day winning streak in which it had rallied more than 2,600 points or 7.6 percent. The Nikkei 225 now sits just shy of the 36,930-point plateau and it may add to its winnings on Friday.
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South Korea Has $9.14 Billion Current Account Surplus
South Korea posted a current account surplus of $9.14 billion in March, the Bank of Korea said on Friday - up from $7.18 billion in February.
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Win Streak May Continue For South Korea Shares
The South Korea stock market has climbed higher in three straight sessions, collecting more than 20 points or 0.8 percent along the way. The KOSPI now sits just shy of the 2,580-point plateau and it may see additional support on Friday.
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China Trade Data Due On Friday
China will on Friday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
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