Hong Kong Inflation Data Due On Monday
(RTTNews) - Hong Kong will on Monday release August figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
In July, inflation was up 0.6 percent on month and 1.0 percent on year.
Taiwan will see August data for unemployment; in July, the jobless rate was 3.33 percent.
The People's Bank of China will announce its loan prime rate figures; for September, the rate is expected to remain unchanged at 3.50 percent, while the overall rate is also called steady at 3.00 percent.
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U.S. Leading Economic Index Unexpectedly Edges Lower In August
A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
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3h 40min ago
U.S. Industrial Production Unexpectedly Flat In August
With a jump in utilities output offset by a decrease in manufacturing output, the Federal Reserve released a report on Friday showing U.S. industrial production unexpectedly came in flat in the month of August. The Fed said industrial production was unchanged in August after rising by an unrevised 0.2 percent in July. Economists had expected industrial production to climb by 0.3 percent.
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3h 48min ago
UK Retail Sales Recover Unexpectedly
UK retail sales rebounded unexpectedly in August underpinned by online shopping and warm weather boosted sales of seasonal items, data from the Office for National Statistics revealed Friday. Retail sales grew 0.5 percent on a monthly basis, offsetting July's 0.5 percent fall. Sales were expected to drop 0.2 percent.
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4h 31min ago
Bay Street Likely To Open On Mixed Note
Canadian stocks are likely to open on mixed note on Friday, with investors tracking commodity prices and assessing recent monetary policy moves and weighing inflation outlook. Activity for most part of the session could be a bit lackluster amid a lack of fresh data or corporate news.
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5h 6min ago
FTSE 100 Drifts Lower Despite Strong Retail Sales Data
Despite data showing an unexpected jump in retail sales, U.K. stocks weakened on Friday with investors assessing recent policy announcements and inflation outlook from major central banks.
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6h 48min ago
French Stocks Shed Ground On Inflation Concerns
French stocks shed ground on Friday, retreating after two successive days of gains, as concerns about inflation and fears of policy tightening by some major central banks rendered the mood cautious.
A survey by the European Central Bank showed Euro Zone consumers nudged up their inflation expectations last month.
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7h 13min ago
Indian Shares End Mixed; Sensex Slips As IT Stocks Drag
Indian shares ended Friday's session mostly higher as a pullback in oil prices and global bond yields helped ease concerns around inflation, India's import bill and earnings.
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7h 29min ago
DAX Notably Lower As Inflation Concerns Weigh
German stocks drifted lower on Friday amid concerns about inflation after a survey by the European Central Bank showed Euro Zone consumers nudged up their inflation expectations last month.
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7h 32min ago
