European Economic News Preview: Eurozone Foreign Trade Data Due
(RTTNews) - Foreign trade and labor cost from the euro area and final inflation figures from Italy are the top economic news due on Monday.
At 2.30 am ET, producer price data is due from Switzerland. Prices are forecast to edge up 0.1 percent on month in August after remaining flat in July.
At 4.00 am ET, Italy's statistical office ISTAT is slated to release final inflation data. Consumer price inflation is forecast to ease to 1.1 percent in August, as initially estimated, from 1.3 percent in July.
At 5.00 am ET, Eurostat is scheduled to issue euro area external trade and labor cost reports. The trade surplus is forecast to decline to EUR 14.9 billion in July from EUR 22.3 billion in June.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as traders trimmed their bets on US Fed interest rate cuts this year amid following largely upbeat batch of US economic data last week. A slew of Chinese data last week backed calls for more stimulus to boost the economy. Persisting worries about geopolitical tensions weighed on the markets.
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Před 4 h 17 min
Sensex, Nifty Seen Higher At Open
Indian shares look set to open a tad higher on Monday as investors react to earnings from HDFC Bank, Kotak Mahindra Bank and Tech Mahindra Bank released over the weekend.
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Před 5 h 10 min
Japanese Market Slightly Higher
The Japanese stock market is trading slightly higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is moving a tad above the 39,000 mark, following the broadly positive cues from Wall Street on Friday, with gains is index heavyweights and technology stocks partially offset by weakness in financial stocks.
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Před 5 h 24 min
Rebound Anticipated For Thai Stock Market
The Thai stock market on Friday snapped the two-day winning streak in which it had gained almost 30 points or 2.1 percent. The Stock Exchange of Thailand now rests just beneath the 1,490-point plateau although it's expected to bounce higher again on Monday.
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Před 5 h 42 min
Overbought Jakarta Market Nonetheless Called Higher Again On Monday
The Indonesia stock market has tracked higher in six straight sessions, climbing more than 275 points or 3.7 percent along the way. The Jakarta Composite Index now rests just above the 7,760-point plateau and it's got a firm lead again for Monday's trade.
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Před 6 h 12 min
Hong Kong Stock Market Tipped To Open In The Green
The Hong Kong stock market on Friday halted the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,800-point plateau and it may see additional support on Monday.
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Před 6 h 27 min
Australian Market Notably Higher
The Australian stock market is currently trading notably higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,300.00 level, with gains across most sectors led by gold miner stock and technology stocks.
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Před 6 h 30 min
Continued Volatility Likely For China Stock Market
The China stock market has alternated between positive and negative finishes through the last eight trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,260-point plateau and it's expected to at least open to the upside again on Monday.
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Před 6 h 42 min
