Australia Consumer Confidence Data Due On Tuesday
(RTTNews) - Australia will on Tuesday see March results for the consumer confidence index from Westpac Bank, highlighting a light day for Asia-Pacific economic activity. In February, the index dipped 6.9 percent.
Australia also will see February results for the business confidence survey from NAB; in January, the survey score was +6.
Singapore will release January results for unemployment; in the previous month, the jobless rate was 2.0 percent.
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FTSE 100 Advances; Convatec Rises On Strong Earnings
U.K. stocks are notably higher Wednesday morning, lifted by gains in mining and banking sectors. Slightly easing concerns over U.S. - Ukraine tensions after the two countries agreed on a minerals deal aid sentiment.
While mining stocks are up on firm copper prices, bank stocks are gaining thanks to some rating upgrades.
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CAC 40 Up Nearly 1%
French stocks are up in positive territory Wednesday morning with markets reacting positively news about U.S. and Ukraine agreeing on a minerals deal, which could help ease ongoing tensions between the two countries. Investors are also digesting some earnings updates.
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DAX Rises 1.2% As Investors React To Quarterly Earnings
Despite concerns about the impact of U.S. President Donald Trump's trade policies, German stocks are up firmly in positive territory Wednesday morning with investors reacting to quarterly earnings updates and news about Ukraine accepting an agreement on mineral rights with the U.S.
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European Shares Climb As US, Ukraine Agree To Minerals Deal
European shares held near record highs on Wednesday after the United States and Ukraine have agreed on the terms of a draft minerals deal amid ongoing talks to end the Ukraine-Russia war.
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Asian Shares Mixed; China And Hong Kong Outperform
Asian markets ended mixed on Wednesday as inflation and trade war fears offset Chinese AI optimism.
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Canadian Dollar Falls As Oil Prices Slide, U.S. Tariff Threats
The Canadian dollar weakened against other major currencies in the Asian session on Wednesday amid crude oil prices slide, as concerns about demand and oversupply in the market weighed and pushed the commodity's prices to the lowest level in about 11 weeks.
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European Economic News Preview: German GfK Consumer Confidence Due
Consumer confidence survey results from Germany and France are the top economic news due on Wednesday. At 2.00 am ET, the market research group GfK releases Germany's consumer sentiment survey results. The forward-looking consumer sentiment index is forecast to improve to -21.6 in March from -22.4 in February.
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Canadian Dollar Falls Against Majors
The Canadian dollar weakened against other major currencies in the Asian session on Wednesday.
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