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South Korea Rate Decision On Tap For Thursday
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is widely expected to hike its benchmark lending rate by 25 basis points, from 2.25 percent to 2.50 percent.
New Zealand will provide Q2 numbers for retail sales; in the three months prior, retail sales were down 0.5 percent on quarter and up 2.3 percent on year.
Hong Kong will release July figures for imports, exports and trade balance. In June, imports were up 0.5 percent on year and exports slipped an annual 6.4 percent for a trade deficit of HKD68.5 billion.
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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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17 minutes 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.
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24 minutes ago
Sensex, Nifty Decline On Tariff Worries, Weak TCS Earnings; HUL Shares Rally After CEO Change
Indian shares fell notably on Friday, with weaker-than-expected Q1 earnings from TCS and escalating global trade tensions weighing on investor sentiment.
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46 minutes ago
DAX Down Sharply As Stocks Tumble On Tariff Concerns
German stocks are down sharply on Friday as trade war concerns hurt sentiment following U.S. President Donald Trump imposing a 35% tariff on Canadian imports, effective August 1.
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46 minutes ago
Walmart Recalls 850K Ozark Trail Water Bottles
Retain giant Walmart Inc. is recalling about 850,000 Ozark Trail 64 oz Stainless Steel Insulated Water Bottles as the lid can suddenly pop off with force, causing injury, according to the U.S. Consumer Product Safety Commission. The recall includes Water Bottles sold under model number 83-662. These silver stainless-steel bottles feature a black one-piece screw-on lid.
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59 minutes ago
European Shares Decline As Tariff Worries Return To Haunt
European stocks fell on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
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2h 6min ago
Asian Shares Mostly Lower As Trump Ups Tariff Ante
Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
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2h 31min ago
Yen Retreats Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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2h 59min ago
