Australia Rate Decision On Tap For Tuesday

RTTNews | 1121 dias atrás
Australia Rate Decision On Tap For Tuesday

(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected to hike its benchmark lending rate by 50 basis points, from 1.35 percent to 1.85 percent.

Australia also will see June numbers for home loans and building permits. Loans are expected to sink 4.25 percent on month after rising 2.1 percent in May. Permits are tipped to fall 5.0 percent on month after surging 9.9 percent in the previous month.

Hong Kong will release June figures for retail sales; in May, sales were down 4.9 percent on year.

South Korea will provide July data for consumer prices, with forecasts suggesting an increase of 0.4 percent on month and 6.3 percent on year. That follows the 0.6 percent monthly increase and the 6.0 percent yearly gain in June.

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Australian Market Extends Early Gains In Mid-market

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Asian Markets Mixed In Cautious Trades

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Mild Upside Seen For Thai Stock Market

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Japanese Market Slightly Lower

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Indonesia Shares May Reverse Tuesday's Losses

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Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
RTTNews | 2 h 44 min atrás
Hong Kong Shares Expected To Open To The Upside

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
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Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
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