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Singapore Retail Sales Data Due On Friday
(RTTNews) - Singapore will on Friday release June figures for retail sales, highlighting a light day for Asia-Pacific economic activity.
Sales are expected to be flat on month and rise 2.7 percent on year after slipping 0.2 percent on month and adding 1.8 percent on year in May.
Japan will see June numbers for average cash earnings; in the previous month, earnings were up 2.5 percent on year.
Finally, the Reserve Bank of Australia is scheduled to release its regular monetary policy statement.
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European Stocks Fail To Hold Early Gains, Close Broadly Lower
Despite opening on a positive note, European stocks closed broadly lower on Wednesday as investors largely made cautious moves, awaiting more clarity on U.S. President Donald Trump's tariff moves and other policy decisions.
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Canadian Market Slightly Lower; BoM, National Bank Rise On Results
The Canadian market is slightly down on Wednesday with stocks moving in a tight range as investors digest earnings updates from Bank of Montreal and National Bank of Canada, and await further developments on trade negotiations between the U.S. and its major trading partners.
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Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down
Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
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Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.
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FTSE 100 Down Marginally
UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
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German Unemployment Rises More Than Expected
Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.
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CAC 40 Down Marginally In Lackluster Trade
French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
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Sensex, Nifty End Lower; ITC Falls Over 3% After BAT's Stake Sale
Indian shares ended modestly lower on Wednesday, extending losses for a second straight session in the wake of fund outflows due to large block deals and increased primary market activity.
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