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Australia Rate Decision On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will wrap up it monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected to keep its benchmark lending rate unchanged at 4.35 percent.
Australia also will see July results for the surveys of business confidence and conditions were NAB; in June, their scores were -5 and +3, respectively.
Malaysia will provide June data for industrial production; in May, output was up 8.4 percent on year.
Indonesia will see June figures for retail sales; in May, sales slumped 3.9 percent on year.
Finally, the markets in Japan are closed for Mountain Day and will re-open on Wednesday.
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No Help Yet For Hong Kong Stock Market
The Hong Kong stock market has moved lower in three straight sessions, sliding more than 650 points or 2.6 percent along the way. The Hang Seg Index now sits just above the 24,950-point plateau and it's likely to extend its losses on Friday.
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23 minutes ago
Australian Market Sharply Lower
The Australian stock market is trading sharply lower on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,750 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
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30 minutes ago
Soft Start Anticipated For China Stock Market
The China stock market on Thursday ended the three-day winning streak in which it had risen more than 20 points or 0.5 percent. The Shanghai Composite Index now sits just above the 3,930-point plateau and it's expected to see continued consolidation on Friday.
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38 minutes ago
Lower Open Called For Taiwan Stock Market
The Taiwan stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced almost 1,475 points or 3.5 percent. The Taiwan Stock Exchange now sits just above the 46,940-point plateau and it's looking at another soft start again on Friday.
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1h 8min ago
Singapore Stock Market May Open In The Red
The Singapore stock market has finished lower in four straight sessions, slumping almost 110 points or 3.4 percent in that span. The Straits Times Index now sits just beneath the 5,690-point plateau and it figures to open in the red again on Friday.
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1h 38min ago
Japan Producer Prices Sink 0.2% In August
Producer prices in Japan were down 0.2 percent on month in August, the Bank of Japan said on Friday.
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1h 41min ago
Malaysia Stock Market May Give Up Support At 1,700 Points
The Malaysia stock market has finished lower in three sessions, slipping almost 10 points in that span. The Kuala Lumpur Composite Index now sits just above the 1,700-point plateau and it may take further damage again on Friday.
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2h 8min ago
New Zealand Manufacturing Index Eases To 5.1 - BusinessNZ
The manufacturing sector in New Zealand continued to expand, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.1.
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2h 15min ago
