European Economic News Preview: UK Public Sector Finance Data Due
(RTTNews) - Public sector finance data from the UK is the only major report due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics is scheduled to issue UK public sector finance data. The budget deficit is forecast to widen to GBP 20.7 billion in September from GBP 18 billion in August.
In the meantime, Swiss foreign trade data is due.
At 5.00 am ET, Statistics Iceland publishes harmonized consumer prices data. Also, unemployment from Croatia is due.
At 8.00 am ET, Hungary's central bank announces its monetary policy decision.
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Asian Markets Trade Mostly Higher
Asian markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, amid a pullback of the surge in long-term bond yields after the US Fed delivered the first interest rate hike in more than three years since July 2023. Crude oil prices also pulled back on easing Middle East supply concerns amid reports of Saudi Arabia loading crude cargoes via Oman.
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14 minutes ago
Indian Shares Seen Little Changed At Open After Fed Rate Hike
Indian shares are seen opening little changed on Thursday as investors weigh a Federal Reserve's hawkish rate hike against falling oil prices.
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48 minutes ago
Oversold Thai Stock Market Called Lower Again
The Thai stock market has moved lower in six straight sessions, retreating more than 55 points or 3.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,560-point plateau and it's expected to open under water again on Thursday.
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1h 33min ago
No Help Yet For Indonesia Stock Market
The Indonesia stock market has finished lower in six straight sessions, sinking more than 250 points or 3.8 percent along the way. The Jakarta Composite Index now sits just above the 6,430-point plateau and it's likely to open lower again on Thursday.
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2h 3min ago
Japanese Market Modestly Higher
The Japanese market is trading modestly higher on Thursday, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 64,000 mark, with gains in index heavyweights, automakers, exporters and financial stocks partially offset by weakness in technology stocks.
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2h 15min ago
Hang Seng Likely To Remain Rangebound
The Hong Kong stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just above the 24,710-point plateau although it's looking at a soft start on Thursday.
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2h 18min ago
Soft Start Anticipated For China Stock Market
The China stock market on Wednesday ended the four-day losing streak in which it had slumped more than 85 points or 2.3 percent. The Shanghai Composite Index now sits just above the 3,890-point plateau although it may face renewed selling pressure on Thursday.
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2h 33min ago
Australian Market Notably Higher
The Australian stock market is trading notably higher on Thursday, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,750 level, with gains in iron ore miners and financial stocks partially offset by weakness in gold miners, energy and technology stocks.
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2h 35min ago
