Australia Rate Decision On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 3.60 percent.
South Korea will release October data for consumer prices, with forecasts suggesting a flat monthly reading and a 2.1 percent yearly increase. That follows the 0.5 percent monthly increase and the 2.1 percent annual gain in September.
Japan will see October results for the manufacturing PMI from Jibun Bank; in September, the index score was 48.3.
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Bay Street Set To Open On Firm Note
The Canadian market is likely to open on a positive note Wednesday morning with materials stocks set to attract buying thanks to strong precious metals prices. A notable drop in crude oil prices could ease concerns about inflation.
The focus is on the Federal Reserve's monetary policy announcement.
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19 minutes ago
U.S. Import Prices Climb Much More Than Expected In August
A report released by the Labor Department on Wednesday showed import prices in the U.S. increased by much more than expected in the month of August.
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20 minutes ago
U.S. Retail Sales Jump Much More Than Expected In August
Retail sales in the U.S. shot up by much more than expected in the month of August, according to a report released by the Commerce Department on Wednesday.
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23 minutes ago
UK Inflation Accelerates To 5-Month High
UK consumer price inflation rose to a five-month high in August on renewed increase in fuel prices but the Bank of England is widely expected to hold the interest rate as energy shocks show no sign of broadening. Inflation advanced to 3.1 percent from 2.9 percent in July, the Office for National Statistics said Wednesday. The rate came in line with expectations.
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1h 6min ago
FTSE 100 Up 0.6% At Noon; Miners, Bank Stocks Move Higher
Despite data showing an acceleration in the nation's consumer price inflation in the month of August, U.K. stocks gained notable ground in positive territory on Wednesday thanks to strong buying in mining and bank stocks.
Easing oil prices and lower global bond yields helped lift sentiment.
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1h 50min ago
Indian Shares End Modestly Higher As Oil Prices Ease
Indian shares ended Wednesday's session modestly higher as oil prices pulled back from recent highs and investors braced for a closely watched Federal Reserve rate decision later in the day.
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2h 30min ago
CAC 40 Modestly Higher As Weak Oil Prices Aid Recovery
Thanks to easing crude oil prices and lower bond yields, France's equity benchmark CAC 40 edged higher on Wednesday, recovering from a four-month low it touched in the previous session.
However, the mood remained somewhat cautious as investors looked ahead to the Federal Reserve's monetary policy announcement, due later in the day.
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2h 30min ago
Eurozone Industrial Production Shrinks For Second Month
Eurozone industrial production declined for the second straight month in July, reflecting a weak start to the third quarter, official data revealed Wednesday. Industrial output edged down 0.1 percent in July, after falling at the same pace in June, Eurostat reported. Production was expected to decline 0.2 percent.
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2h 46min ago
