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Australia Unemployment Data Due On Thursday
(RTTNews) - Australia will on Thursday release July figures for unemployment, highlighting a light day for Asia-Pacific economic activity.
The jobless rate is called steady at 3.5 percent, with the addition of 25,000 jobs following the addition of 88,400 jobs in June.
The central bank in the Philippines will wrap up its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to hike its benchmark lending rate by 50 basis points, from 3.25 percent to 3.75 percent.
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UK Construction Sector Continues To Shrink
The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
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18 minutes ago
European Shares Mostly Higher Before Debt Sales
European stocks were mostly higher on Thursday as bond market worries subsided, and investors awaited Eurozone retail sales data as well as debt auctions in France and the United Kingdom for direction.
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46 minutes ago
Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend
Asian stocks rose broadly on Thursday, even as Chinese and Hong Kong markets ended sharply lower following reports that China's financial regulators are considering a number of cooling measures for the stock market, including lifting certain short selling restrictions, increasing checks on speculative trades, and discouraging heavy retail participation.
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1h 6min ago
German Construction Sector Downturn Deepens
Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
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1h 30min ago
Australia Trade Surplus At 17-Month High; Household Spending Growth Rises
Australia's trade surplus surged to the highest level in more than a year in July and household spending growth accelerated for the third straight month in July, official data showed on Thursday. The trade surplus increased unexpectedly to A$7.3 billion in July from A$5.4 billion in June, the Australian Bureau of Statistics said.
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2h 30min ago
European Shares Seen Tad Higher At Open On Fed Rate Cut Hopes
European stocks may open flat to slightly higher on Thursday as a bond market sell-off stabilized and dovish Fed comments coupled with weak U.S. data reinforced rate-cut bets.
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4h 12min ago
Sensex, Nifty Rally On GST Rejig
Indian shares opened on a buoyant note on Thursday after Finance Minister Nirmala Sitharaman announced significant GST rate cuts, effective September 22.
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5h 10min ago
Australian Market Extends Early Strong Gains In Mid-market
The Australian market is extending its early strong gains in mid-market moves on Thursday, snapping a four-session losing streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks.
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6h 6min ago
