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European Economics Preview: Eurozone Money Supply Data Due
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(RTTNews) - Money supply data from the euro area is due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Sweden publishes foreign trade, producer prices and household lending data.
At 4.00 am ET, the European Central Bank is set to publish private sector credit data for August. M3 money supply is expected to grow 5.4 percent annually after rising 5.5 percent in July.
At 7.30 am ET, ECB Chief Christine Lagarde is set to speak at an online conference organized by the Banque de France in Paris.
At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is forecast to lift the key interest rate by 100 basis points to 12.75 percent.
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Australian Market Significantly Higher
The Australian stock market is significantly higher on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,000.00 mark, with gains across most sectors led by technology and financial stocks.
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China Stock Market May Remain Rangebound
The China stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had risen almost 25 points or 0.8 percent. The Shanghai Composite Index now sits just beneath the 3,300-point plateau although it's likely to bounce higher again on Monday.
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Tech Shares Likely To Boost Taiwan Stock Market
The Taiwan stock market has finished higher in two of three trading days since the end of the two-day slide in which it had stumbled more than 600 points or 3 percent. The Taiwan Stock Exchange now sits just beneath the 19,875-point plateau and it's got a solid lead again for Monday's trade.
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Singapore Stock Market May Halt Its Slide On Monday
The Singapore stock market has moved lower in two straight sessions, slumping almost 10 points or 0.3 percent in that span. The Straits Times Index now sits just under the 3,825-point plateau although it may find traction on Monday.
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Additional Support Anticipated For Malaysia Stock Market
The Malaysia stock market has moved higher in three straight sessions, gathering almost 25 points or 1.4 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,510-point plateau and it's expected to add to its winnings again on Monday.
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Japan Stock Market May Extend Winning Streak
The Japanese stock market has finished higher in three straight sessions, collecting almost 1,500 points or 4.2 percent along the way. The Nikkei 225 now sits just above the 35,700-point plateau and it's expected to open to the upside again on Monday.
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KOSPI May Extend Friday's Gains
The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had climbed more than 40 points or 1.6 percent. The KOSPI now sits just beneath the 2,550-point plateau and it may tick higher again on Monday.
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Hong Kong Export Data Due On Monday
Hong Kong will on Monday see March figures for imports and exports, highlighting a very light day for Asia-Pacific economic activity.
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