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European Economic News Preview: Germany ZEW Economic Sentiment Due
(RTTNews) - Economic confidence from Germany and foreign trade data from the euro area are the top economic news due on Tuesday.
At 4.00 am ET, the State Secretariat for Economic Affairs releases Swiss Spring economic forecast. Also, foreign trade data is due from Italy.
At 6.00 am ET, Germany's ZEW economic sentiment survey results are due. The economic sentiment index is forecast to rise to 48.1 in March from 26.0 in the previous month.
In the meantime, Eurostat releases euro area foreign trade data for January. The trade surplus is seen at EUR 14.1 billion compared to EUR 15.5 billion in December.
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Malaysia Stock Market May Snap Losing Streak
The Malaysia stock market has moved lower in three straight sessions, slipping more than 20 points or 1.3 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,530-point plateau although it may stop the bleeding on Thursday.
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32 minutes ago
Japan Bourse May Break Through 40,000-Point Barrier
The Japanese stock market has moved higher in back-to-back sessions, collecting more than 230 points or 0.6 percent in that span. The Nikkei 225 now sits just above the 39,820-point plateau and it's tipped to open in the green again on Thursday.
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47 minutes ago
Win Streak May Continue For South Korea Shares
The South Korea stock market has finished higher in three straight sessions, collecting more than 80 points or 2.5 percent along the way. The KOSPI now sits just beneath the 3,135-point plateau and it may extend its gains again on Thursday.
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1h 2min ago
Korea Rate Decision On Tap For Thursday
The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a lit day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate steady at 2.50 percent.
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2h 3min ago
Saying Goodbye To The Penny To Cost U.S. Consumers $6 Mln In 'Rounding Tax'
Phasing out the penny is set to involve some cost to U.S. consumers paying in cash as businesses are set to round transactions to the nearest nickel, new research from the Federal Reserve Bank of Richmond revealed on Wednesday.
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3h 3min ago
U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA
Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent, the MBA said.
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4h 8min ago
Swiss Franc Rises Against Most Majors
The Swiss franc rallied against its most major counterparts in the New York session on Wednesday.
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4h 33min ago
Fed Minutes Reveal Mixed Views About Outlook For Interest Rates
The Federal Reserve on Wednesday released the minutes of its June monetary policy meeting, which revealed most participants generally agree the central bank is well positioned to wait for more clarity on the outlook for inflation and the economy before adjusting interest rates.
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5h 42min ago
