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Australia Retail Sales Data Due On Friday
(RTTNews) - Australia will on Friday provide September numbers for retail sales, highlighting a modest day for Asia-Pacific economic activity. In August, sales were up 0.6 percent on month.
Japan will see final October numbers for the services and composite PMIs from Jibun Bank; in September, their scores were 52.2 and 51.0, respectively.
Singapore will provide September figures for retail sales; in August, sales were down 1.3 percent on month and up 13.0 percent on year.
Thailand will release October data for consumer prices, with forecasts suggesting an increase of 6.0 percent on year for overall inflation and 3.2 percent on year for core CPI. In September, overall inflation was up an annual 6.41 percent and core CPI rose 3.12 percent.
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U.S. Dollar Strengthens On Trump's Tariff Delay
The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
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European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions
European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
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U.S. Consumer Confidence Rebounds Much More Than Expected In May
A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.
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U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet
With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.
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Dollar Plunges Amidst Renewed Trade Tensions And Fiscal Deficit Concerns
The Dollar recorded a massive plunge during the week ended May 23 amidst an escalation in tensions between the U.S. and its trading partners, particularly the European Union.
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Bay Street Seen Opening Higher Again
Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
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U.S. Durable Goods Orders Pull Back Sharply In April
With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.
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Eurozone Economic Sentiment Rises More Than Forecast
Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad
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