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New Zealand Unemployment Data Due On Wednesday
(RTTNews) - New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.4 percent from 5.3 percent, with an employment change of 0.1 percent on quarter.
Indonesia will provide Q2 data for gross domestic product; in the three months prior, GDP was down 0.77 percent on quarter and up 5.61 percent on year.
Singapore will see June figures for retail sales; in May, sales were down 2.3 percent on month and up 3.0 percent on year.
Several regional entities will see PMI results, including Australia, Japan, Hong Kong, Singapore and China.
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NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the European session Friday.
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10 minutes ago
European Shares Rise As Oil Prices Ease After Recent Surge
European stocks traded higher on Friday as oil prices fell from recent highs and data showed the U.K. economy expanded at a faster pace in July, driven by services and industrial production.
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35 minutes ago
UK Economy Expands Unexpectedly
The UK economy expanded unexpectedly in July as artificial intelligence and cloud computing boosted services output, official data revealed Friday. Gross domestic product posted a monthly growth of 0.4 percent, following an increase of 0.3 percent in June and no growth in May, the Office for National Statistics reported. GDP was expected to remain flat in July.
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36 minutes ago
Asian Shares Retreat On Inflation Fears
Asian stocks fell sharply on Friday following a fourth straight session of losses on Wall Street.
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1h 5min ago
European Shares Set For Lackluster Open; US CPI Data Eyed
European stocks may struggle for direction at open on Friday as rising energy prices and Treasury yields added to concerns about the outlook for interest rates.
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4h 2min ago
Indian Shares Tumble Amid Geopolitical Concerns
Indian shares were sharply lower in early trade on Friday as crude oil prices soared amid escalating tensions in West Asia, raising worries about India's import bill, inflation and earnings.
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5h 8min ago
Australian Market Extends Early Strong Losses In Mid-market
The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
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6h 13min ago
Asian Markets Sink Amid Inflationary Risks
Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
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6h 32min ago
