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RBA Minutes On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its July 5 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the central bank hiked its benchmark lending rate by 50 basis points, from 0.85 percent to 1.35 percent, citing the resilience of the economy and higher inflation. The bank also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.25 percent.
Hong Kong will provide June figures for unemployment; in May, the jobless rate was 5.1 percent.
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Euro Higher Against Majors
The euro appreciated against its major counterparts in the New York session on Friday.
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2g 45 minut temu
TSX Down Marginally In Lackluster Trade
Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.
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5g 36 minut temu
Swiss Market Ends On Firm Note
The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.
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6g 4 minut temu
European Stocks Close Mixed After Cautious Session
European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.
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6g 22 minut temu
U.S. Business Inventories Rise In Line With Estimates In June
A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
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8g 0 minut temu
U.S. Consumer Sentiment Unexpectedly Deteriorates In August
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
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8g 18 minut temu
U.S. Industrial Production Pulls Back Slightly In July
A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.
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8g 47 minut temu
New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August
The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
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9g 11 minut temu
