Japan Industrial Production Data Due On Tuesday

RTTNews | 863 days ago
Japan Industrial Production Data Due On Tuesday

(RTTNews) - Japan will on Tuesday release preliminary January figures for industrial production, highlighting a modest day for Asia-Pacific economic activity. Output is expected to sink 2.6 percent on month after rising 0.3 percent in December.

Japan also will see January numbers for retail sales, construction orders and housing starts. Sales are expected to add 4.0 percent on year, up from 3.8 percent in the previous month. Housing starts are called higher by an annual 1.0 percent after falling 1.7 percent a month earlier. Construction orders gained 8.5 percent on year in December.

Australia will provide Q4 numbers for current account and January figures for retail sales and private sector credit. The current account is expected to show a surplus of A$6.8 billion following the A$2.3 billion deficit in Q3. Sales are tipped to rise 1.2 percent on month after slipping 3.9 percent in December. Credit is called steady at 0.3 percent on month.

Thailand will release January figures for imports, exports, trade balance and current account. In December, imports were down 10.5 percent, exports sank 12.9 percent, the trade surplus was $1.00 billion and the current account surplus was $1.10 billion.

Finally, the markets in Taiwan remain closed on Tuesday for Peace Memorial Day and will re-open on Wednesday.

read more
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 51 minutes ago
European Shares Extend Gains On Trade Deal Optimism

European Shares Extend Gains On Trade Deal Optimism

European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union. EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.
RTTNews | 1h 24min ago
Bank Of Korea Keeps Rates Steady

Bank Of Korea Keeps Rates Steady

The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
RTTNews | 3h 56min ago