Australia Home Loan Data Due On Friday
(RTTNews) - Australia will on Friday release March figures for home loans, highlighting a light day for Asia-Pacific economic activity. In February, loans were up 1.6 percent on month and investment lending added 1.2 percent.
Singapore will provide March data for retail sales; in February, sales were up 3.0 percent on month and 8.4 percent on year.
Hong Kong will see March numbers for retail sales; in February, sales were up 1.9 percent on year.
Finally, the markets in China remain shuttered for Labor Day, and will reopen on Monday. Japan is also off for Constitution Memorial Day.
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Asian Shares Mixed Ahead Of US Jobs Data
Asian stocks ended mixed on Friday but managed to snap a two-week losing streak following interest-rate cuts from the European Central Bank and Bank of Canada.
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CPSC Recalls: Kawasaki Engines, Ascenders, Biometric Gun Safes, Pet Conditioner, Sling Carriers
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including Kawasaki Engines in select lawn and garden equipments, Ropeman 1 Ascenders, Biometric gun safes, pet conditioner, and sling carriers, citing various reasons. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair...
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Friday.
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China Exports Growth Accelerates Sharply
China's exports growth accelerated markedly in May despite escalating trade tensions, official data revealed on Friday. Exports posted an annual growth of 7.6 percent following a 1.5 percent rise in April, the Customs Administration reported today. Shipments were forecast to grow 6.0 percent.
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European Shares Seen Mixed At Open
European stocks may open on a mixed note Friday as investors react to China trade data and await the much-anticipated U.S. jobs report.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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Sensex, Nifty Open Higher Led By IT Stocks; RBI MPC Decision Eyed
Indian shares opened on a firm note Friday despite muted global cues and huge FII selling amounting to Rs 24,960 crores cumulatively during the last three days.
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European Economic News Preview: German Industrial Production, Foreign Trade Data Due
Industrial production and foreign trade from Germany and house prices from the UK are the top economic news due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production and foreign trade for April.
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