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Japan Producer Price Data Due On Tuesday
(RTTNews) - Japan will on Tuesday release November numbers for producer prices, highlighting a light day for Asia-Pacific economic activity.
Producer prices are expected to rise 0.2 percent on month and 0.1 percent on year after slipping 0.4 percent on month and gaining 0.8 percent on year in October.
Australia will see November results for the indexes of business confidence and business conditions from National Australia Bank; in October, their scores were -2 and +13, respectively. Australia also will see December results for the consumer sentiment index from Westpac Bank; in November, the index fell 2.6 percent.
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Bay Street Headed For Weak Start
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Sensex Rises 485 Points; Nifty Tops 25,700
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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DAX Down Over 2% As Credit Markets Worries Hurt Sentiment
Germany's DAX is down sharply on Friday with stocks tumbling amid concerns about the health of U.S. banking sector after Zions Bancorp and Western Alliance Bancorp disclosed on Thursday that they were exposed to alleged fraud by borrowers.
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Yen Rises Amid Risk-off Mood
The Japanese yen strengthened against other major currencies in the European session on Friday amid increased risk-off mood, as heightened concerns about the U.S. credit woes weighed on markets.
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