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Japan Inflation Data Due On Friday
(RTTNews) - Japan will on Friday release May figures for consumer prices, highlighting a light day in Asia-Pacific economic activity. In April, overall inflation was up 0.4 percent on month and 2.5 percent on year, while core CPI climbed an annual 2.1 percent.
Singapore will provide May numbers for industrial production, with forecasts suggesting an increase of 2.8 percent on month and 5.8 percent on year. That follows the 2/2 percent monthly increase and the 6.2 percent annual gain in April.
China will see final current account data for the first quarter of 2022; the current account surplus was $118.4 billion in the three months prior.
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European Shares Mixed In Lackluster Trade
European stocks were mixed on Monday due to concerns about an artificial intelligence bubble and global growth.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Monday.
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Asian Shares Mixed Amid Diplomatic China-Japan Spat
Asian shares ended mixed on Monday as investors braced for a barrage of U.S. economic data and a spat over Taiwan threatened ties between China and Japan.
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Thailand GDP Growth Slows More Than Forecast
Thailand's economic growth eased more than expected in the third quarter due to the fall in manufacturing output and softened tourism-related services, official data showed Monday. Gross domestic product grew 1.2 percent year-on-year in the third quarter, the National Economic and Social Development Council, or NESDC, said Monday. The annual growth was forecast to soften to 1.6 percent from 2.8
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Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the Asian session on Monday.
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European Shares Likely To Open On Subdued Note
European stocks are seen opening mostly lower on Monday as investors await more economic data in the coming days for fresh insights into the U.S. economic and rate outlook.
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Indian Shares Edge Higher In Cautious Trade
Indian shares inched higher on Monday, with underlying sentiment supported by a resounding victory for the BJP-led NDA in the Bihar elections and optimism surrounding a potential India-U.S. trade deal.
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Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market trading on Monday, adding to the losses in the previous four sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,600.00 level, with weakness in financial stocks and mixed performance across most other sectors.
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