Australia Building Approval Data Due On Thursday

RTTNews | 7 days ago
Australia Building Approval Data Due On Thursday

(RTTNews) - Australia will on Thursday release August figures for building approvals, highlighting a light day for Asia-Pacific economic activity.

Overall approvals are expected to sink 6.1 percent on month after jumping 11.0 percent in July, while private house approvals are seen higher by 0.5 percent - easing from 0.9 percent a month earlier.

Japan will provide September data for bank lending and producer prices. Overall lending is tipped to rise 2.9 percent on year, easing from 3.0 percent in August. Producer prices are expected to fall 0.3 percent on month and rise 2.3 percent on year after slipping 0.2 percent on month and gaining 2.5 percent on year in the previous month.

Malaysia will see August numbers for unemployment; in July, the jobless rate was 3.3 percent.

Finally, the markets in Taiwan are closed on Thursday for National Day and will re-open on Friday.

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European Economic News Preview: ECB Set To Cut Key Rates

European Economic News Preview: ECB Set To Cut Key Rates

The European Central Bank is widely expected to lower its key interest rates on Thursday as concerns about the growth outlook heightened amid inflation falling below the 2 percent target. The bank is forecast to cut the key rates by 25 basis points today after a similar reduction last month. The announcement is due at 8.15 AM ET. Later today, the bank will release the Survey of Professional Fore
RTTNews | 4h 28min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as markets continued to benefit from optimism about the outlook for interest rates following the release of the latest US inflation data. Asian Markets closed mostly lower on Wednesday.
RTTNews | 6h 0min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

Adding to the losses in the previous session, the Japanese stock market is notably lower on Thursday after opening in the green, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 39,000 mark, with weakness in exporters and technology stocks partially offset by gains in automakers and financial stocks.
RTTNews | 6h 52min ago
Sensex, Nifty Seen Slightly Higher With Earnings In Focus

Sensex, Nifty Seen Slightly Higher With Earnings In Focus

Indian shares may trade in a range on Thursday as investors await earnings results from prominent companies including Axis Bank, Infosys, Wipro, Nestle India, LTIMindtree and Tata Chemicals for direction.
RTTNews | 6h 57min ago
Thai Bourse May Test Resistance At 1,500 Points

Thai Bourse May Test Resistance At 1,500 Points

The Thai stock market bounced higher again on Wednesday, one day after ending the four-day winning streak in which it had improved almost 20 points or 1.4 percent. The Stock Exchange of Thailand now rests just above the 1,485-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 7h 27min ago
Win Streak Nay Continue For Indonesia Stock Market

Win Streak Nay Continue For Indonesia Stock Market

The Indonesia stock market has tracked higher in four straight sessions, climbing more than 160 points or 2.2 percent along the way. The Jakarta Composite Index now rests just beneath the 7,650-point plateau and it may add to its winnings again on Thursday.
RTTNews | 7h 57min ago
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian market is trading significantly higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level to fresh all-time highs, with gains in energy and financial stocks as well as some mining and technology stocks.
RTTNews | 8h 6min ago