Australia GDP Data Due On Wednesday

RTTNews | 862 days ago
Australia GDP Data Due On Wednesday

(RTTNews) - Australia will on Wednesday release Q4 figures for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to expand 0.7 percent on quarter and 2.7 percent on year after rising 0.6 percent on quarter and 5.9 percent on year in the previous quarter.

Indonesia will see February numbers for consumer prices, with forecasts suggesting an increase of 0.11 percent on month and 5.44 percent on year for overall inflation. That follows the 0.34 percent monthly increase and the 5.28 percent yearly gain in January.

South Korea will provide February figures for imports, exports and trade balance. Imports are expected to rise 4.0 percent on year after slipping 2.8 percent in January. Exports are called lower by an annual 8.7 percent after sinking 16.6 percent in the previous month. The trade deficit is pegged at E$6.06 billion following the $12.65 billion shortfall a month earlier.

A number of the regional countries will see February results for their respective manufacturing PMI from S&P Global, including Australia (Judo Bank), Indonesia, Japan (Jibun Bank), Malaysia, Myanmar, the Philippines, Taiwan, Thailand, Vietnam and China (Caixin).

Finally, the markets in South Korea are closed on Wednesday for Independence Day and will re-open on Thursday.

read more
U.S. Wholesale Inventories Dip In Line With Estimates In May

U.S. Wholesale Inventories Dip In Line With Estimates In May

A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May. The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.
RTTNews | 3h 37min ago
Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

Slightly higher Canadian and U.S. futures point to a marginally positive start for Canadian shares on Wednesday. The focus will be on trade deal negotiations.
RTTNews | 4h 58min ago
Yen Falls As Traders Speculate BoJ Rate Hike Pause

Yen Falls As Traders Speculate BoJ Rate Hike Pause

The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.
RTTNews | 5h 53min ago
Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.
RTTNews | 5h 54min ago
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK market remains firmly placed in positive territory a little past noon on Wednesday, holding gains after a steady start, amid rising optimism about the European Union striking a deal with the U.S. in the coming weeks.
RTTNews | 6h 11min ago
CAC 40 Up 1.25% On Trade Deal Optimism

CAC 40 Up 1.25% On Trade Deal Optimism

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, amid optimism about U.S. and the European Union striking a deal sometime soon, despite U.S. President Donald Trump's threat that steep tariffs will be imposed on copper imports, and pharmaceuticals.
RTTNews | 6h 36min ago
DAX Rises Sharply On US-EU Trade Deal Hopes

DAX Rises Sharply On US-EU Trade Deal Hopes

German stocks climbed up on Wednesday, lifting the benchmark DAX to a one-month high, as expectations of a US-European Union deal helped underpin sentiment.
RTTNews | 6h 50min ago