Australia Interest Rate Decision On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.
Singapore will release Q2 numbers for gross domestic product; in the three months prior, GDP was up 4.3 percent on year.
Japan will provide July data for its M2 money stock, with forecasts suggesting an increase of 0.8 percent on year, down from 0.9 percent in June.
Finally, the markets in Thailand remain shuttered until Wednesday in honor of Queen Sirikit's birthday.
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Malaysia Stock Market Tipped To Open In The Green
The Malaysia stock market on Monday snapped the three-day losing streak in which it had slumped more than 35 points or 2.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,665-point plateau and it may add to its winnings on Tuesday.
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13 minutes ago
Win Streak May Continue For South Korea Stock Market
The South Korea stock market has finished higher in two straight sessions, accelerating almost 300 points or 4.1 percent along the way. The KOSPI now sits just above the 7,000-point plateau and it may extend its gains again on Tuesday.
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43 minutes ago
Taiwan Data Due On Tuesday
Taiwan will on Tuesday release August figures for export orders and unemployment, highlighting a very light day for Asia-Pacific economic activity.
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1h 43min ago
Oil Extends Losses To 4th Straight Session, Sheds Over 4%
Oil prices fell sharply on Monday, losing for a fourth straight session, amid hopes diplomatic efforts will help de-escalate tensions in the Middle East.
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4h 46min ago
Swiss Market Ends On Buoyant Note
The Switzerland market closed on a strong note on Monday, as falling oil prices helped ease concerns about inflation and growth, prompting investors to pick up stocks.
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5h 42min ago
European Stocks Rally On Oil Decline, Diplomatic Optimism
European indices closed notably higher Monday as oil prices fell sharply on Middle East diplomatic hopes, easing inflation concerns. Brent crude futures dropped to $100 per barrel, losing approximately 4%. Financial, mining, and consumer stocks led gains, while energy stocks declined due to lower oil prices.
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6h 2min ago
U.S. Stocks Up Firmly; Tech Stocks Rally On Renewed Optimism Surrounding AI
U.S. stocks are up firmly in positive territory a little past noon on Monday, supported by lower Treasury yields and easing concerns about inflation due to a sharp drop in oil prices. Tech stocks are up amid renewed optimism about outlook for large AI hyperscalers.
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7h 10min ago
Canadian Stocks Mixed In Cautious Trade
Canadian stocks are turning in a mixed performance on Monday with the mood remaining cautious despite easing concerns about inflation following a sharp fall in oil prices.
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7h 46min ago
