European Economic News Preview: UK Inflation Data Due
(RTTNews) - Consumer and producer prices and public sector finance from the UK are the major economic reports due on Wednesday.
At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices and public sector finance data. Economists forecast inflation to ease to 2.1 percent in April from 3.2 percent in March. Output price inflation is expected to double to 1.2 percent from 0.6 percent.
In the meantime, the European Automobile Manufacturers' Association publishes new car registrations data.
At 4.00 am ET, industrial output, producer prices and corporate wages are due from Poland.
At 4.30 am ET, the ONS publishes UK house price data for May.
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Sensex, Nifty Likely To Follow Global Peers Higher
Indian shares look set to open higher on Tuesday, tracking largely positive global cues and reports suggesting that the government is considering income tax rate cuts in the upcoming Budget to boost consumption in the economy and increase savings for the middle class.
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4h 31min ago
Japanese Market Significantly Higher
Recouping some of the sharp losses in the previous session, the Japanese stock market is significantly higher on Tuesday, with the Nikkei 225 moving above the 38,500 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by index heavyweights and technology stocks.
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4h 35min ago
Singapore Has SGD4.563 Billion Trade Surplus In May
Singapore posted a trade surplus of SGD4.563 billion in May, the Department of Statistics said on Tuesday.
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5h 11min ago
Thai Bourse May Reclaim 1,300-Point Level
The SET has finished lower in three straight sessions, sinking more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,295-point plateau, although it's due for traction on Tuesday.
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5h 31min ago
Australian Market Significantly Higher
Recouping the losses in the previous two sessions, the Australian stock market is trading significantly higher on Tuesday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,700 level, with gains in gold miners, technology and financial stocks.
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5h 40min ago
Hong Kong Bourse Due For Support On Tuesday
The Hong Kong stock market has moved lower in back-to-back sessions, slumping almost 180 points or 1 percent along the way. The Hang Seng now sits just beneath the 17,940-point plateau although it may stop the bleeding on Tuesday.
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5h 46min ago
Rebound Expected For China Stock Market
The China stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had fallen more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,015-point plateau although its tipped to move higher again on Tuesday.
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6h 1min ago
Taiwan Stock Market May Reverse Monday's Losses
The Taiwan stock market on Monday ended the three-day winning streak in which it had rallied more than 700 points or 3.3 percent. The Taiwan Stock Exchange now sits just beneath the 22,500-point plateau although it's expected to rebound again on Tuesday.
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6h 31min ago
