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Antipodean Currencies Slide As China Manufacturing Activity Contracts
The antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies in the Asian session on Tuesday, after China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders.
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China Manufacturing Activity Contracts For First Time In 8 Months
China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders, survey results from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index unexpectedly fell to 48.3 in May, down from 50.4 in April. The score was seen at 50.8.
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European Economic News Preview: Eurozone Inflation Data Due
Flash inflation and unemployment from the euro area are the top economic news due on Tuesday. At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss inflation data. Consumer prices are forecast to rise 0.2 percent in May compared to no change in April. At 3.00 am ET, unemployment data is due from Spain.
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European Shares Seen Higher At Open
European stocks may open slightly higher on Tuesday after reports emerged that U.S. President Donald Trump will speak with his Chinese counterpart Xi Jinping -- possibly this week --to address tariff disputes and improve relations.
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FSIS Warns Against Not-Ready-To-Eat Ham Croquette Product
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert against Croquetas La Mary LLC's frozen not-ready-to-eat ham croquette product citing misbranding and undeclared allergens. The product contains soy and sesame, known allergens, which are not declared on the product label.
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Sensex, Nifty Subdued In Early Trade
Indian shares were subdued on Tuesday, extending losses for a third straight session amid rising geopolitical and trade tensions.
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Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,450 level, with gains across most se led by gold miners, technology and financial stocks.
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Berita lainnya
Asian Markets Track Wall Street Higher
Asian stock markets are mostly higher on Tuesday, following the positive cues from Wall Street overnight, as traders reacted to news that the US and China could revive trade talks as soon as this week after US President Donald Trump accused China of violating the trade agreement reached last month. The sharp increase in price of commodities such as gold and crude oil also aided the markets.
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Sensex, Nifty Seen Higher At Open
Indian shares may see a positive start on Tuesday after a rebound in in big tech drove U.S. stocks higher overnight.
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Indonesia Bourse May See Positive Bounce On Tuesday
The Indonesia stock market has moved lower in two straight sessions, sinking more than 130 points or 1.9 percent along the way. The Jakarta Composite Index now rests just above the 7,065-point plateau and it may halt its slide on Tuesday.
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Japanese Market Notably Higher
The Japanese stock market is trading notably higher on Tuesday, reversing some of the sharp losses in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 37,600 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers and financial stocks.
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Hong Kong Shares Tipped To Open To The Upside On Tuesday
The Hong Kong stock market has finished lower in two straight sessions, retreating more than 410 points or 1.9 percent along the way. The Hang Seng Index now sits just beneath the 23,160-point plateau although it's expected to open in the green on Tuesday,
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Australian Market Significantly Higher
The Australian stock market is trading significantly higher on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,450 level, with gains across all sectors led by mining and energy stocks amid a hike in commodity prices.
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