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Japan Household Spending Data Due On Tuesday
(RTTNews) - Japan will on Tuesday see August numbers for household spending, highlighting a light day for Asia-Pacific economic activity. Spending is expected to rise 0.1 percent on month and 1.4 percent on year after climbing 1.7 percent on month and 1.4 percent on year in July.
Japan also will see preliminary August figures for its leading and coincident indexes; in July, they were up 1.1 percent on month and down 1.8 percent, respectively.
Australia will see October results for the consumer sentiment index from Westpac; in September, the index down 3.1 percent on month.
Finally, the markets in South Korea (Chuseok), China (National Day) and Hong Kong (Mid-Autumn Festival) are closed on Tuesday.
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Malaysia Shares May Tick Lower Again On Wednesday
The Malaysia stock market has moved lower in three consecutive trading days, sinking almost 20 points or 1.2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and it's tipped to open in the red again on Wednesday.
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U.S. Dollar Weakens After Powell's Comments
The U.S. dollar fell against its major counterparts in the New York session on Tuesday, after Federal Reserve Chair Jerome Powell hinted at further rate cuts in the coming months.
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25 minutes ago
Bargain Hunting May Life Japan Shares
The Japanese stock market has finished lower in two straight sessions, plunging almost 1,750 points or 3.6 percent in that span. The Nikkei 225 now sits just shy of the 46,850-point plateau although it may see a technical rebound on Wednesday.
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South Korea Shares May Take Further Damage On Wednesday
The South Korea stock market has finished lower in back-to-back sessions, sinking almost 50 points or 1.4 percent along the way. The KOSPI now rests just above the 3,560-point plateau and it may tick lower again on Wednesday.
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44 minutes ago
China Inflation Data Due On Wednesday
China will on Wednesday release September figures for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity.
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1h 44min ago
IMF Raises Global Growth Forecast As Tariff Impact Less Severe Than Feared
The International Monetary Fund lifted the global growth forecast for this year and next as the impact of the trade tariffs has been less severe than initially expected but warned that the policy uncertainty remains high.
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3h 7min ago
TSX Rises 2% As Stocks Rally On Bargain Hunting
The Canadian market is up sharply on Tuesday with investors indulging in some hectic buying across the board, picking up stocks at reduced prices following recent steep fall.
Despite U.S. President Donald Trump's conciliatory tone over the weekend with regard to trade relations with China, there are still concerns about the trade spat between the world's two largest economies.
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5h 21min ago
U.S. Small Business Confidence Weakens For First Time In 3 Months: NFIB
Small business morale in the U.S. eroded for the first time in three months in September as business struggle with rising inflation, weaker sales outlook and labor shortage, survey data from the National Federation of Independent Business showed on Tuesday.
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5h 58min ago
