Japan Household Spending Data Due On Tuesday
(RTTNews) - Japan will on Tuesday see August numbers for household spending, highlighting a light day for Asia-Pacific economic activity. Spending is expected to rise 0.1 percent on month and 1.4 percent on year after climbing 1.7 percent on month and 1.4 percent on year in July.
Japan also will see preliminary August figures for its leading and coincident indexes; in July, they were up 1.1 percent on month and down 1.8 percent, respectively.
Australia will see October results for the consumer sentiment index from Westpac; in September, the index down 3.1 percent on month.
Finally, the markets in South Korea (Chuseok), China (National Day) and Hong Kong (Mid-Autumn Festival) are closed on Tuesday.
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Japan Rate Decision On Tap For Friday
The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is expected to hike its benchmark lending rate by 25 basis points, to 1.25 percent from 1.00 percent.
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Producer prices in South Korea were up a seasonally adjusted 0.2 percent on month in August, the Bank of Korea said on Friday - following the 0.4 percent contraction in July.
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Canadian Market Up Firmly, Set To End On Strong Note
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A drop in U.S. Treasury yields and weak oil prices following the Federal Reserve's interest rate hike and hopes that the central bank will strive to rein in inflation lifted investor sentiment.
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Swiss Market Ends On Firm Note Again
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European Markets Close Higher As Oil, Bond Yields Drop After Fed Rate Hike
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U.S. Pending Home Sales Rebound From Six-Month Low In August
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7h 33min ago
Philly Fed Index Pulls Back Off Five-Year High In September
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a smaller-than-expected pullback by its reading on regional manufacturing activity in the month of September. The Philly Fed said its diffusion index for current general activity fell to 37.8 in September after climbing to 47.4 in August, although a positive reading still indicates growth.
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