Japan Data On Tap For Friday

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(RTTNews) - Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are April numbers for unemployment, industrial production retail sales, construction orders and housing starts, plus May figures for Tokyo inflation.

The jobless rate (2.5 percent) and the jobs/applicant ratio (1.26) are both expected to hold steady. Industrial production is expected to slip 1.4 percent on month after rising 0.2 percent in March. Retail sales are seen higher by 2.9 percent on year, easing from 3.1 percent in the previous month.

Construction orders are expected to fall 0.5 percent on year after adding 3.5 percent in March. Construction orders are tipped to tumble 18.2 percent after surging 39.1 percent a month earlier. In April, Tokyo overall inflation was up 3.5 percent on year and core CPI rose 3.4 percent.

South Korea will release April numbers for industrial production and retail sales. Output is expected to add 0.5 percent on month and 4.2 percent on year after rising 2.9 percent on month and 5.3 percent on year in March. Sales are called flat after shedding 0.3 percent in the previous month.

New Zealand will see April figures for building consents; in March, consents were up 9.6 percent on month.

Australia will release April numbers for building approvals, retail sales and private sector credit. Approvals are expected to rise 3.1 percent on month after slipping 8.8 percent in March. Sales are called steady, higher by .3 percent on month. Credit is also seen unchanged, higher by 0.5 percent on month.

Thailand will provide April data for industrial production, current account, imports, exports and trade balance. In March, industrial production was down 0.66 percent on month, while the current account showed a surplus of $2.30 billion. Imports were up 9.4 percent on year and exports rose 17.7 percent for a trade surplus of $3.40 billion.

Finally, the markets in Taiwan (Dragon Boat Festival) and Indonesia (Ascension) are closed on Friday and will re-open on Monday.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

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Crude Oil Prices Fade As US-China Talks Progress

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Canadian Dollar Appreciates Amid Risk Appetite

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Swiss Market Ends Marginally Down

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European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

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TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

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U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

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Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

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EURUSD	1.14226	GBPUSD	1.3499	AUDUSD	0.6521
USDJPY	144.892	USDCAD	1.36749	USDCHF	0.82271

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Japan Data On Tap For Friday