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Japan Household Spending Data Due On Tuesday
(RTTNews) - Japan will on Tuesday release November numbers for household spending, highlighting a modest day for Asia-Pacific economic activity. Spending is expected to fall 0.5 percent on month and rise 0.5 percent on year after gaining 1.1 percent on month and 1.2 percent on year in October.
Japan also will see December data for Tokyo inflation. In November, overall Tokyo inflation was up 3.8 percent on year and core CPI rose an annual 3.6 percent.
South Korea will provide November figures for its current account; in October, the current account surplus was $0.883 billion.
Malaysia will see unemployment data for November; in October, the jobless rate was 3.6 percent.
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CAC 40 Up Over 0.5% As Trade Tensions Ease
After opening on a firm note, French stocks gave up some gains Monday morning as investors turned a bit cautious, looking ahead to some crucial earnings and economic data due this week.
The positive start came amid easing concerns over tariff as the U.S. and EU arrived at a trade deal over the weekend.
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DAX Pares Gains After Bright Start
German stocks opened on a firm note Monday morning as trade war concerns eased after the U.S. and the European Union agreed on a trade deal. However, the market pared most of its gains subsequently as investors look ahead to some crucial earnings updates and economic data this week.
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European Shares Rise As Tariff Worries Ease
European stocks rose to hit a four-month high on Monday after the U.S. and European Union agreed on a hard-fought deal, helping avert a potentially damaging trade war.
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The U.S. dollar strengthened against other major currencies in the European session on Monday, after the United States announced the "biggest-ever" trade deal with the European Union, under which a 15-percent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
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Asian shares rose broadly on Monday, though Japanese markets fell sharply due to profit taking after last week's rally.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Monday.
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European Shares Seen Opening Up On US-EU Trade Deal
European stocks look set to open on a buoyant note Monday after the United States announced the "biggest-ever" trade deal with the European Union, under which a 15-percent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
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