Australia Inflation Data Due On Wednesday

RTTNews | 891 일 전
Australia Inflation Data Due On Wednesday

(RTTNews) - Australia will on Wednesday release Q2 figures for consumer prices, highlighting a busy day for Asia-Pacific economic activity.

Overall inflation is expected to rise 1.8 percent on quarter and 6.2 percent on year after gaining 2.1 percent on quarter and 5.1 percent on year in the previous three months.

The RBA's trimmed mean is tipped to increase 1.5 percent on quarter and 4.7 percent on year, up from 1.4 percent on quarter and 3.7 percent on year in Q1. The RBA's weighted median is expected to gained 1.4 percent on quarter and 4.2 percent on year, up from 1.0 percent on quarter and 3.2 percent on year in the three months prior.

China will provide June numbers for industrial profits; in May, profits were up 1.0 percent year to date.

Taiwan will see July results for its consumer confidence index; in June, the index score was 64.14.

Japan will release final May figures for its leading and coincident indexes; in April, their scores were 102.9 and 96.8, respectively.

Thailand will provide June numbers for industrial production, current account, retail sales and its coincident index. In May, industrial production was down 2.11 percent on year, the current account deficit was $3.7 billion, retail sales spiked an annual 10.7 percent and the coincident index had a score of 128.34.

read more
U.S. Dollar Advances As Weekly Jobless Claims Drop To Eight-month Low

U.S. Dollar Advances As Weekly Jobless Claims Drop To Eight-month Low

The U.S. dollar rose against its major counterparts in the New York session on Thursday, as the nation's jobless claims came in below economists' forecasts last week, supporting expectations that the Federal Reserve will slow the pace of rate cuts going forward.
RTTNews | 5 시간 30 분 전
Canadian Market Remains Firm Despite Coming Off Early Highs

Canadian Market Remains Firm Despite Coming Off Early Highs

The Canadian market remains firmly placed in positive territory Thursday afternoon despite paring a significant portion of early gains. Materials and energy stocks have moved higher thanks to firm commodity prices. Encouraging manufacturing activity data is aiding sentiment.
RTTNews | 5 시간 35 분 전
European Stocks Close First Trading Session Of New Year On Bright Note

European Stocks Close First Trading Session Of New Year On Bright Note

European stocks shrugged off early weakness and closed on a positive note on Thursday, the first trading session in 2025, despite data showing a sharp contraction in manufacturing activity in most of the major economies in the region in the month of December, persisting concerns on the geopolitical front.
RTTNews | 7 시간 20 분 전
U.S. Construction Spending Unexpectedly Flat In November

U.S. Construction Spending Unexpectedly Flat In November

With an uptick by spending on private construction offset by a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending was virtually unchanged in the month of November. The Commerce Department construction spending crept up by less than a tenth of a percent to an annual rate of $2.153 trillion in November.
RTTNews | 9 시간 56 분 전
U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low

U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low

First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous week's revised level of 220,000.
RTTNews | 10 시간 48 분 전
UK Nationwide House Price Growth Tops Expectations

UK Nationwide House Price Growth Tops Expectations

UK house prices posted a faster-than-expected growth and ended 2024 on a strong footing, the Nationwide Building Society said Thursday. House prices grew 4.7 percent year-on-year in December, faster than the 3.7 percent increase in November and also stronger than economists' forecast of 3.8 percent gain.
RTTNews | 12 시간 58 분 전