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European Economics Preview: UK Unemployment Data Due
(RTTNews) - Unemployment data from the UK and revised consumer prices from Eurozone are the major reports due on Tuesday.
At 2.00 am ET, the Office for National Statistics releases the UK labor market statistics. The unemployment rate is forecast to rise to 3.9 percent in three months to May from 3.8 percent in three months to April.
In the meantime, Swiss foreign trade data is due for June.
At 3.00 am ET, harmonized consumer price figures are due from Austria and Slovakia.
At 5.00 am ET, Eurostat is scheduled to issue euro area harmonized consumer prices for June. According to flash estimate, inflation rose to a record 8.6 percent in June from 8.1 percent in May.
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Malaysia Bourse Likely To Remain Rangebound On Monday
The Malaysia stock market has moved lower in back-to-back sessions, slipping more than 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau and it may tick lower again on Monday.
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Japan Shares Due For Profit Taking On Monday
The Japan stock market bounced higher again on Friday, one day after snapping the six-day winning streak in which it had surged more than 3,000 points or 7.3 percent. The Nikkei 225 now sits just beneath the 43,380-point plateau although investors are likely to lock in gains on Monday.
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South Korea Shares May Be Stuck In Neutral On Monday
Ahead of Friday's holiday for Liberation Day, the South Korea stock market had moved higher in back-to-back sessions, gathering more than 35 points or 1.1 percent along the way. The KOSPI now sits just above the 3,225-point plateau although it m ay spin its wheels on Monday.
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Singapore Export Data On Tap For Monday
Singapore will on Monday release July figures for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity. In June, NODX was up 14.3 percent on month and 13.0 percent on year.
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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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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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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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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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