Japan Industrial Production Data Due On Friday
(RTTNews) - Japan will on Friday see revisions to its October industrial production data, highlighting a light day for Asia-Pacific economic activity. The data is expected to be unrevised, higher by 1.4 percent on month.
Singapore will see Q3 figures for unemployment; the jobless rate is expected to hold steady at 2.0 percent.
Malayia will release October figures for industrial production; in September, production was up 5.7 percent on year.
New Zealand will see November results for the manufacturing PMI from BusinessNZ; in October, the PMI score was 51.4.
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Bay Street Likely To Open Weak; Inflation Data In Focus
Canadian stocks look headed for a weak start on Monday as selling is likely in the materials and technology sectors due to weak precious metals prices and warning of potentially large-scale AI-driven cyberattacks, respectively.
Energy stocks may find support as oil prices are up sharply on supply concerns.
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3h 15min ago
Asian Markets Weighed By AI Worries, Crude Oil Price Spike
Renewed worries about the development of Artificial Intelligence and the call by AI leaders to slowdown the pace of AI development dampened sentiment across Asian markets. The spike in crude oil prices as well as worries about inflation also weighed on market sentiment ahead of interest rate decisions by the Federal Reserve and Bank of Japan.
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3h 47min ago
FTSE Climbs Higher On Pharma, Energy Strength
London's benchmark index advanced 69.78 points to 10,720.22 on Monday, boosted by buying in pharmaceuticals, energy, and heavyweight counters. Sage Group climbed over 6%, while losses in mining and financial sectors limited the market's upside potential.
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4h 0min ago
CAC 40 Slides 0.65% On Oil Surge, Tech Selloff
The CAC 40 fell 52.79 points to 8,126.98 Monday, pressured by surging crude prices and warnings of large-scale AI-driven cyberattacks in the tech sector. Geopolitical tensions and central bank meeting caution also contributed.
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4h 29min ago
German Stocks Retreat Amid Geopolitical Oil Tensions, AI Warnings
German equities declined Monday following Saudi pipeline attacks and AI risk warnings from industry executives. Rising oil prices and monetary policy anticipation added to market headwinds affecting multiple sectors.
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5h 23min ago
U.S. Dollar Rises Amid Fed Rate Hike Signals
The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as the Federal Reserve (Fed) is making aggressive rate-hike bets for Wednesday's decision, following higher U.S. inflation figures.
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7h 26min ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Monday.
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8h 36min ago
European Markets Seen Ushering In New Week On A Weak Note
A weak sentiment is expected to prevail in stock markets across Europe at the onset of the new week which would witness interest rate decisions by the Federal Reserve, Bank of England as well as Bank of Japan. Market mood is expected to be impacted by the rate hike expectations from the Federal Reserve as well as Bank of Japan.
RTTNews
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8h 56min ago
