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Australia Rate Decision Due On Tuesday

RTTNews | 55 days ago

Australia Rate Decision Due On Tuesday

(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to trim its benchmark lending rate to 3.85 percent from the current 4.10 percent.

Malaysia will provide April figures for imports, exports and trade balance. In March, imports were down 2.8 percent on year and exports rose 6.8 percent for a trade surplus of MYR24.70 billion.

Taiwan will release April figures for export orders and Q1 data for current account. In March, export orders jumped 12.5 percent on year, while the current account in the previous quarter was at $34.30 billion.

Hong Kong will see April unemployment data; in March, the jobless rate was 3.2 percent.

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Swiss Market Settles Slightly Up After Lackluster Session

Swiss Market Settles Slightly Up After Lackluster Session

The Switzerland market, which remained in the red save for a brief while at the fag end of the day's session, settled with a small gain on Monday. The mood in the market was very cautious as trade war fears escalated after U.S. President Donald Trump announced over the weekend that he would impose a 30% tariff on EU imports from August 1.

RTTNews | 2h 26min ago

European Stocks Close Mostly Lower

European Stocks Close Mostly Lower

Despite staging a recovery in late afternoon trades, European markets mostly ended on a weak note on Monday as worries about global trade escalated after U.S. President Donald Trump announced over the weekend that he would levy a 50% tariff on EU imports from August 1.

RTTNews | 2h 46min ago

Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Monday morning, tracking a weak lead from European markets and firm commodity prices. The mood is likely to be cautious as investors await Canadian inflation data for the month of June on Tuesday.

RTTNews | 7h 59min ago

Pound Falls As Traders Speculate BoE Rate Cut Decision

Pound Falls As Traders Speculate BoE Rate Cut Decision

The British pound weakened against other major currencies in the European session on Monday, as traders speculate that the Bank of England (BoE) is likely to reduce its interest rate in the next month's monetary policy decision.

RTTNews | 8h 24min ago

FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The U.K. market is up in positive territory on Monday, even as other major markets in Europe are languishing in negative territory amid rising concerns about trade war following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.

RTTNews | 8h 36min ago

Dollar Rebounds As Trade War Escalates

Dollar Rebounds As Trade War Escalates

A steep escalation in the trade related tensions between the U.S. and its trade partners boosted the dollar and the Dollar Index during the week ended July 11.

RTTNews | 8h 49min ago

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Monday.

RTTNews | 8h 50min ago

CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment

CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment

French stocks are down in negative territory on Monday, weighed down by trade war concerns following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.

RTTNews | 9h 1min ago

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