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Japan Leading Index Data Due On Wednesday
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(RTTNews) - Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
The leading index is expected to slip 0.3 percent on month after climbing 2.2 percent in September. The coincident is seen higher by 2.5 percent on month after rising 1.3 percent in the previous month.
Japan also will see November numbers for producer prices, with forecasts suggesting an increase of 3.0 percent on year, up from 2.9 percent in October.
Most of the region is off on Wednesday for the Christmas Day holiday, including South Korea, Malaysia, Singapore, Hong Kong, Indonesia, Australia and New Zealand.
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Canadian Dollar Recovers Against Majors
The Canadian dollar recovered against its major counterparts in the New York session on Friday.
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Russia Central Bank Cuts Rates For Fourth Policy Session
Russia's central bank unexpectedly reduced its key interest rate for the fourth policy session in a row, citing high inflation expectations and lackluster growth, and signaled that monetary policy will remain tight for an extended period of time.
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Canadian Market Rises On Rate Cut Bets
The Canadian market is up firmly in positive territory Friday afternoon, thanks to strong gains in the technology sector. A few stocks from financial and communications sectors are also up with notable gains.
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European Stocks Close Higher After Cautious Session
Despite struggling for support till mid afternoon, European stocks edged higher on Friday after cooler-than-expected U.S. consumer price inflation raised prospects of an interest rate cut by the Federal Reserve next week.
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U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In October
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by more than initially estimated in the month of October. The University of Michigan said its consumer sentiment index was downwardly revised to 53.6 from the preliminary reading of 55.0. Economists had expected the consumer sentiment index to be unrevised from the preliminary reading.
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U.S. Consumer Prices Rise 0.3% In September, Slightly Less Than Expected
A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased by slightly less than expected in the month of September. The Labor Department said its consumer price index rose by 0.3 percent in September after climbing by 0.4 percent in August. Economists had expected consumer prices to rise by another 0.4 percent.
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Eurozone Private Sector Growth At 17-Month High
The euro area private sector growth accelerated to a 17-month high in October as new orders registered a steeper growth despite continuing fall in business from abroad. The flash HCOB composite output index climbed unexpectedly to 52.2 in October from 51.2 in September. The reading was expected to fall to 51.0.
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