Australia Building Approval Data Due On Thursday
(RTTNews) - Australia will on Thursday see January numbers for building approvals, highlighting a light day for Asia-Pacific economic activity.
Overall approvals are seen higher by 6.3 percent on month after adding 0.7 percent in December. Private house approvals are expected to rise 1.1 percent after sinking 3.0 percent in the previous month.
Hong Kong will provide Q4 figures for industrial production and producer prices; in the three months prior, industrial production was down 0.1 percent on year and producer prices were up an annual 3.2 percent.
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Canadian Market Modestly Lower
The Canadian market remains in negative territory Tuesday afternoon with stocks from energy, communications and healthcare sectors under pressure. Technology stocks are finding some support amid renewed optimism about spending on AI infrastructure.
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Swiss Market Turns Weak In The Final Hour, Ends Marginally Down
After staying positive till the penultimate hour of the day's session, the Switzerland market faced some resistance and eventually closed on a weak note on Tuesday.
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European Markets Fail To Hold Early Gains, Settle Weak
After trading in positive territory for much of the day's trading session, most of the markets in Europe ended weak on Tuesday, hurt by some brisk selling in the final hour.
Despite oil's retreat, investors turned cautious amid continued uncertainty about Iran and the U.S. reaching an agreement to end their conflict anytime soon.
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U.S. Job Openings Fall More Than Expected In August
The Labor Department released a report on Tuesday showing job openings in the U.S decreased by more than expected in the month of August.
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U.S. Consumer Confidence Index Unexpectedly Slumps In September
A report released by the Conference Board on Tuesday unexpectedly showed a notable deterioration in U.S. consumer confidence in the month of September. The Conference Board said its consumer confidence index slumped to 81.9 in September from a downwardly revised 88.6 in August.
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Bay Street Likely To Open With Positive Bias
Canadian stocks may open with a positive bias on Tuesday as oil shed early gains and slipped into negative territory, and gold prices edged higher.
According to a flash estimate, the Canadian GDP is expected to have expanded by 0.2% from the previous month in August.
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Eurozone Economic Sentiment Weakens
Eurozone economic confidence weakened unexpectedly in September due to the fall in consumer sentiment, monthly survey data from the European Commission showed Tuesday. The economic sentiment index dropped to 97.9 in September from 98.4 in the previous month. The score was forecast to rise to 99.0.
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Major European Markets Move Higher As Oil Pares Early Gains
The major European markets gained some ground in positive territory on Tuesday with investors picking up select stocks even as oil prices remained at elevated levels despite coming off early highs and bond yields continued to hover around multi-year highs.
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