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UK Jobless Rate Rises, Wage Growth Remains High
The UK unemployment rate rose slightly in the third quarter and wage growth remained high but falling vacancies suggests a decrease in pay pressures, official data showed on Tuesday. The unemployment rate rose to 4.4 percent in the September to November period, as expected, from 4.3 percent in the three months to October, the Office for National Statistics revealed.
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Dollar's Weak Show Amidst Weak Data
The U.S. Dollar recorded a mixed performance during the past week amidst favorable economic data and anxiety ahead of the inauguration of Donald Trump's presidency.
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Asian Shares Mixed Amid Trump Uncertainties
Asian stocks ended Tuesday's session on a mixed note as U.S. President Donald Trump announced plans to impose 25 percent tariffs on imports from Canada and Mexico, and said tariffs on China could hinge on a deal over TikTok's ownership.
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Commodity Currency's Slide As Crude Oil Prices Traded Lower
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as oil prices dropped after the U.S. President Donald Trump postponed imposing fresh tariffs and unveiled a plan to increase U.S. oil and gas production.
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Canadian Dollar Drops Against Majors
The Canadian dollar weakened against other major currencies in the Asian session on Tuesday.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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European Economic News Preview: UK Labor Market Data Due
Labor market data from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to remain unchanged at 4.3 percent in the three months to November.
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European Shares Set For Cautious Open With Focus On Trump's Policies
European stocks are seen opening slightly lower on Tuesday as investors react to Trump's inaugural speech and a flurry of executive orders signed by him in the first few hours of his presidency, overturning multiple landmark decisions taken by the Biden administration.
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Sensex, Nifty Give Up Early Gains
Indian shares were slightly lower on Tuesday, giving up early gains as investors awaited clarity on Donald Trump's trade policies and tariffs.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets and lack of cues from Wall Street overnight, as markets reacted positively to US President Donald Trump's decision not to impose China-specific tariffs on his first day in office. However, there were hints from Trump about potential 25 percent tariffs on Canada and Mexico as early as February 1.
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Australian Market Halves Early Gains In Mid-market
The Australian stock market halved its early gains in mid-market trading on Tuesday, but still extending the gains in the previous session, following the positive cues from European markets. The benchmark S&P/ASX 200 index is moving to near the 8,400.00 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.
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Sensex, Nifty Seen Opening Higher In Cautious Trade
Indian shares are seen opening higher on Tuesday as U.S. President Donald Trump did not immediately impose China-specific tariffs as previously promised during his first day in office.
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