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Malaysia GDP Data Due On Friday
(RTTNews) - Malaysia will on Friday release preliminary Q2 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In Q1, GDP was up 5.4 percent on year.
Malaysia also will see June figures for consumer prices; in May, inflation was up 0.1 percent on month and 2.0 percent on year.
Singapore will provide June data for non-oil domestic exports; in May, NODX was up 7.7 percent on month and 38.4 percent on year.
Hong Kong will see June figures for unemployment; in May, the jobless rate was 3.7 percent.
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South Korea Shares May Extend Thursday's Losses
The South Korea stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had rallied more than 430 points or 6.1 percent. The KOSPI now sits just above the 7,030-point plateau although it may head south again on Friday.
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Japan Producer Price Data Due On Friday
Japan will on Friday release August figures for producer prices, highlighting a light day for Asia-Pacific economic activity.
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1h 18min ago
U.S. Dollar Advances Amid Oil-Linked Inflation Concerns, PPI Data Release
The U.S. Dollar value edged higher as oil prices surged after U.S. President Donald Trump expressed that the war with Iran may go on until November. In addition, investors parsed stronger-than-expected Producer Prices Index released today.
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2h 22min ago
TSX Drops To 5-week Low, Set To End Weak For 6th Straight Day
anadian stock market's benchmark S&P/TSX Composite Index fell to five-week low on Thursday, weighed down by concerns about inflation as oil prices continued to surge and bond yields climbed higher.
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4h 52min ago
Swiss Market Ends On Weak Note After Choppy Ride
Swiss stocks swung between gains and losses on Thursday as investors stayed largely cautious. Higher oil prices and concerns about geopolitical tensions weighed.
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Oil Surge, ECB Rate Hike Weigh On European Market Sentiment
European equities declined Thursday as the European Central Bank raised interest rates by 25 basis points to 2.5% and increased inflation forecasts. Brent crude surged over 5.5% to $107 per barrel, amplifying inflation concerns across the continent.
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5h 41min ago
U.S. Wholesale Inventories Jump 1.3% In July, In Line With Estimates
The Commerce Department released a report on Thursday showing a sharp increase in wholesale inventories in the U.S. in the month of July.
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7h 2min ago
ECB Raises Deposit Rate To 2.50% Amid Inflation Fears
The European Central Bank raised interest rates on Thursday, as expected, prompted by the fears of an inflation shock as energy prices surge amid the recent escalation of the Iran war.
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8h 22min ago
