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RBA Minutes Due On Tuesday
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the RBA maintained interest rates at 3.60 percent for a third consecutive month as widely anticipated, while cautioning that inflation may continue to rise and reiterated that price risks have tilted to the upside. RBA Governor Michele Bullock stated that additional rate reductions were not required at this time.
Singapore will see November numbers for consumer prices; in October, overall inflation was flat on month and up 1.2 percent on year, while core CPI also was up an annual 1.2 percent.
Taiwan will provide November figures for export orders; in October, export orders jumped 25.1 percent on year.
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Singapore Bourse May Extend Monday's Gains
The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.
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1h 4min ago
Malaysia Shares May Open To The Upside Again On Tuesday
The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday.
The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
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1h 34min ago
Japan Stock Market May Add To Its Winnings On Tuesday
The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday.
The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers.
For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88.
Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.
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1h 49min ago
Additional Support Called For South Korea Shares
The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday.
The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
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2h 4min ago
Swiss Markets Ends Marginally Down
The Swiss market ended slightly down on Monday after languishing in negative territory righ through the day's trading session, as traders largely stayed on the sidelines ahead of Christmas holidays.
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6h 9min ago
European Markets Close Mostly Lower After Cautious Session
European stocks closed on a weak note on Monday with investors largely refraining from making big moves and most of the markets recording thin volumes, ahead of upcoming Christmas holidays.
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6h 30min ago
TSX Hits New Record High, Stays Firm As Resources Stocks Shine
Canadian stocks are gaining ground in positive territory on Monday, rising for a third straight session, led by gains in materials and energy sectors thanks to firm commodity prices.
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7h 12min ago
Dollar Rises Amidst Mixed Jobs Data, Soft Inflation
The U.S. dollar remained broadly resilient during the week ended December 19 amidst a mixed update from the labor market and soft inflation readings from the U.S.
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11h 9min ago
