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European Economics Preview: Germany Producer Price Data Due
(RTTNews) - Producer prices data from Germany is due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is set to issue Germany's producer prices for May. Producer price inflation is expected to remain unchanged at 33.5 percent.
At 4.00 am ET, Greece current account data is due for April. The deficit totaled EUR 2.33 billion in March.
At 5.00 am ET, Eurostat is scheduled to release eurozone construction output data for April. Production had increased 3.3 percent annually in March.
At 9.00 am ET, European Central Bank President Christine Lagarde is set to give introductory statement before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium.
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Thai Stock Market Expected To Open In The Red Again On Monday
The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
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Indonesia Bourse May Turn Lower Again On Monday
The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
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Japanese Market Sharply Lower; Down 2%
The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.
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No Help Yet For Hong Kong Stock Market
The Hong Kong stock market has tracked lower in four straight sessions, dropping more than 1,050 points or 4 percent along the way. The Hang Seng Index now rests just above the 24,500-point plateau and it's expected to open in the red again on Monday.
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Lower Open Predicted For China Stock Market
The China stock market has finished lower in consecutive trading days, sinking more than 55 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,560-point plateau and the losses may accelerate on Monday.
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Australian Market Slightly Lower
The Australian stock market is slightly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just above the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
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Taiwan Stock Market Tipped To Open Under Pressure On Monday
The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 340 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 23,430-point plateau and it's expected to see continued consolidation on Monday.
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Singapore Shares May Take Further Damage On Monday
The Singapore stock market had finished lower in six straight sessions, surrendering almost 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,150-point plateau and it's expected to open under pressure again on Monday.
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