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Japan Household Spending Data Due On Tuesday
(RTTNews) - Japan will on Tuesday release November numbers for household spending, highlighting a modest day for Asia-Pacific economic activity. Spending is expected to fall 0.5 percent on month and rise 0.5 percent on year after gaining 1.1 percent on month and 1.2 percent on year in October.
Japan also will see December data for Tokyo inflation. In November, overall Tokyo inflation was up 3.8 percent on year and core CPI rose an annual 3.6 percent.
South Korea will provide November figures for its current account; in October, the current account surplus was $0.883 billion.
Malaysia will see unemployment data for November; in October, the jobless rate was 3.6 percent.
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French stocks are reeling under a severe selling pressure on Friday with U.S. President Donald Trump's announcement of sweeping new tariffs hurting investor sentiment.
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DAX Down 1.7% As Stocks Tumble On Rising Tariff Concerns
German stocks are down sharply on Friday due to heavy selling across the board amid rising trade tensions following U.S. President Donald Trump announcing sharply higher tariffs on dozens of countries, including Canada and Switzerland. Trump also confirmed a 15% tariff on EU imports.
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European Shares Slide On Tariff Worries; Pharma Stocks Slump
European stocks fell sharply to hit three-week lows on Friday as investors assessed the potential economic impact of fresh U.S. levies on dozens of countries, including a 39 percent rate on Switzerland.
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