Australia Rate Decision On Tap For Tuesday

RTTNews | 680 일 전
Australia Rate Decision On Tap For Tuesday

(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is expected to keep its benchmark lending rate unchanged at 3.60 percent.

South Korea will see April figures for consumer prices, with forecasts suggesting an increase of 0.3 percent on month and 3.8 percent on year after adding 0.2 percent on month and 4.2 percent on year in March.

Japan will provide April data for its monetary base, with forecasts suggesting a decline of 1.1 percent on year after slipping 1.2 percent in March.

Hong Kong will release preliminary Q1 numbers for gross domestic product; in the previous three months, GDP was flat on quarter and down 4.2 percent on year.

Indonesia will provide April figures for consumer prices; in March, inflation was up 0.18 percent on month and 4.97 percent on year.

Several of the regional nations will see April results for the respecting Manufacturing PMIs from S&P Global, including Indonesia, Malaysia, the Philippines, South Korea, Taiwan and Thailand.

Finally, the markets in China remain closed for Labor Day; they return to action on Thursday.

read more
India Inflation Weakest In 7 Months

India Inflation Weakest In 7 Months

India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.
RTTNews | 4 시간 6 분 전
ECB Chief Says Uncertainty Exceptionally High

ECB Chief Says Uncertainty Exceptionally High

European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.
RTTNews | 4 시간 41 분 전
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the European session on Wednesday, as European shares traded higher after Ukraine signaled its readiness to accept a U.S. proposal for an "immediate, interim 30-day ceasefire" with Russia, and the European Union announced retaliatory tariffs on U.S. imports of steel and aluminum.
RTTNews | 5 시간 0 분 전
PUMA Stock Plunges On Weak Outlook, Dividend Cut, Despite Upbeat Q4

PUMA Stock Plunges On Weak Outlook, Dividend Cut, Despite Upbeat Q4

Shares of Puma SE were sinking more than 24 percent in the morning trading in Germany after the sportswear maker on Wednesday warned on weak earnings in its first quarter and fiscal 2025 and trimmed dividend, despite reporting significantly higher profit in its fourth quarter with strong sales.
RTTNews | 5 시간 8 분 전
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Wednesday.
RTTNews | 6 시간 5 분 전
CAC 40 Climbs Higher On Ukraine Ceasefire Optimism

CAC 40 Climbs Higher On Ukraine Ceasefire Optimism

French stocks are up firmly Wednesday morning, recovering from recent losses, as optimism about a ceasefire in Ukraine is contributing to the positive mood in the market. Kyiv has reportedly agreed to a US-proposal for an "immediate, interim 30-day ceasefire" if Russia agrees to the terms.
RTTNews | 6 시간 19 분 전