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New Zealand Inflation Data Due On Wednesday
(RTTNews) - New Zealand will on Wednesday release Q2 numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity.
Overall inflation is expected to rise 1.0 percent on quarter and 5.9 percent on year, moderating from the 1,2 percent quarterly increase and the 6.7 percent yearly gain in the previous three months.
Australia will see June results for the leading index from the Melbourne Institute; in May, the index was flat on a monthly basis.
Finally, the markets in Malaysia and Indonesia are closed on Wednesday for the Islamic New Year and will re-open on Thursday.
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Bay Street Likely To Open Lower
Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
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3h 47min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month
The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
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3h 54min ago
Wall Street Likely To Open On Weak Note
Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning.
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4h 13min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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4h 17min ago
Yen Retreats Amid US-Japan Trade Uncertainty
The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
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5h 6min ago
FTSE 100 Down 0.5% On Tariff Concerns, Weak GDP Data
U.K. stocks are down in negative territory on Friday, weighed down by disappointing GDP data, and renewed trade tensions.
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5h 8min ago
UK Economy Contracts For Second Straight Month
The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
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5h 36min ago
CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment
French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
RTTNews
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5h 43min ago
