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Australia Inflation Data Due On Wednesday
(RTTNews) - Australia will on Wednesday release Q3 figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
Overall inflation is expected to climb 1.1 percent on quarter and 3.0 percent on year, accelerating from 0.7 percent on quarter and 2.1 percent on year in the three months prior. In Q2, the trimmed mean and weighted mean both were up 0.6 percent on quarter and 2.7 percent on year.
Japan will see October results for its household confidence index, with forecasts suggesting a score of 35.5, up from 35.3 in September.
Finally, the markets in Hong Kong are closed on Wednesday for Chung Yeung Day and will re-open on Thursday.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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European shares were mixed on Wednesday as investors digested a slew of earnings and looked ahead to the Federal Reserve's interest-rate decision later in the day, with a 25-bps cut fully priced in.
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Asian Shares Rise Ahead Of Fed Decision
Asian stocks rose broadly on Wednesday, with benchmark indexes in Japan and South Korea reaching new record highs, ahead of a Federal Reserve interest-rate cut expected later in the day.
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