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European Economic News Preview: UK Manufacturing PMI Data Due
(RTTNews) - Manufacturing Purchasing Managers' survey data from the UK is the top economic news due on Wednesday.
At 3.00 am ET, UK Nationwide house price data is due. House prices are forecast to fall 4.8 percent on a yearly basis in October after a 5.3 percent decrease in September.
In the meantime, manufacturing PMI data is due from Turkey.
At 3.30 am ET, Sweden manufacturing PMI survey results are due.
At 5.30 am ET, UK S&P/CIPS final manufacturing PMI survey results are due. The flash estimate showed that the index rose to 45.2 in October from 44.3 in September.
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Japan Producer Prices Slip 0.2% In June
Producer prices in Japan were down 0.2 percent on month in June, the Bank of Japan said on Thursday.
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14 minutes ago
Continued Strength Predicted For Singapore Stock Market
The Singapore stock market has moved higher in three straight sessions, improving almost 45 points or 1.1 percent along the way. The Straits Times Index now rests just beneath the 4,060-point plateau and it's expected to open to the upside again on Thursday.
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24 minutes ago
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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54 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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1h 9min 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 24min 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 24min 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 24min 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 30min ago
