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Singapore Inflation Data Due On Wednesday
(RTTNews) - Singapore will on Wednesday release June figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. In May, overall inflation was up 0.6 percent on month and 0.8 percent on year, while core CPI rose an annual 0.6 percent.
Taiwan will provide June numbers for industrial production; in May, production jumped 22.6 percent on year.
Australia will see June results for the leading index from the Melbourne Institute; in May, the index fell 0.1 percent on month.
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European Shares Rise Amid Fed Rate Cut Hopes, Earnings Deluge
European stocks advanced on Monday as investors digested a slew of earnings updates and held onto hopes that the U.S. Federal Reserve may soon pivot to monetary easing.
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Asian Shares Extend Gains Amid Fed Rate Cut Hopes
Asian stocks rose for a second consecutive session on Tuesday after a Federal Reserve official said the time is nearing for rate cuts.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
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Indonesia GDP Growth Fastest In 2 Years
Indonesia's economic growth accelerated the most in two years in the second quarter driven by household spending and investment, official data showed Tuesday. Gross domestic product expanded 5.12 percent year-on-year in the second quarter, following an annual growth of 4.87 percent seen in the first quarter. The latest expansion was the fastest since the second quarter of 2023.
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China Services Growth Fastest Since May 2024
China's services activity expanded at the fastest pace in more than a year in July on rising inflows of new business, purchasing managers' survey data from S&P Global showed on Tuesday. The headline general services business activity index rose to 52.6 in July from 50.6 in June. The index extended the current period of growth to just over two-and-a-half years. Moreover, the index suggested that t
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European Economic News Preview: Eurozone Final Composite PMI Data Due
Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.
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European Shares Set To Open On Firm Note
European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.
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Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat
Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
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