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Japan Household Spending Data Due On Tuesday
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(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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Sensex, Nifty Marginally Lower As IT Stocks Drag
Indian shares were flat to slightly lower on Monday, with IT stocks leading losses after a U.S. credit rating downgrade.
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Australian Market Halves Early Losses In Mid-market
The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
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Asian Markets Trade Mostly Lower
Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
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Sensex, Nifty Seen Lower On US Debt Concerns
Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
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Thai Bourse May Reclaim 1,200-Point Plateau
The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.
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Japanese Market Notably Lower
The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.
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Win Streak May Continue For Indonesia Stock Market
The Indonesia stock market has finished higher in four straight sessions, improving more than 275 points or 4 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it's expected to extend its gains again on Monday.
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