Australia Rate Decision On Tap For Tuesday

RTTNews | 970天前
Australia Rate Decision On Tap For Tuesday

(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBA is widely expected to hike its benchmark lending rate by 25 basis points, from 2.85 percent to 3.10 percent.

Australia also will see Q3 figures for current account, with forecasts suggesting a surplus of A$10.5 billion - down sharply from A$18.3 billion in the three months prior.

Japan will release October data for household spending, with expectations for an increase of 1.5 percent on month and 1.0 percent on year - down from 1.8 percent on month and 2.3 percent on year in September.

Taiwan will see November numbers for consumer prices; in October, overall inflation was up 0.12 percent on month and 2.72 percent on year, while wholesale prices spiked an annual 11.09 percent.

Thailand will provide November data for consumer prices. Overall inflation is expected to rise 5.85 percent on year, slowing from 5.98 percent in October. Core CPI is tipped to rise to 3.2 percent from 3.17 percent in the previous month.

The Philippines will provide November figures for consumer prices, with forecasts suggesting an increase of 0.95 percent on month and 7.8 percent on year in October.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 10小时45分钟前
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 10小时49分钟前
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 10小时51分钟前
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 11小时38分钟前