Australia Building Approval Data Due On Thursday
(RTTNews) - Australia will on Thursday release December data for building approvals, highlighting a light day for Asia-Pacific economic activity. Approvals are expected to rise 1.0 percent on month after sinking 9.0 percent in November.
Japan will provide January numbers for monetary base, with forecasts suggesting a decline of 3.2 percent on year following the 6.1 percent decline in the previous month.
South Korea will see January figures for consumer prices, with forecasts calling for an increase of 0.5 percent on month and 5.0 percent on year. That follows the 0.2 percent monthly increase and the 5.0 percent yearly gain in December.
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U.S. Dollar Lower Against Euro, Pound
The U.S. dollar dropped against the euro and the pound in the New York session on Tuesday, as investors assessed the potential impact of new tariffs imposed by the Trump administration on steel and aluminum imports.
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5h 11min ago
Powell Reiterates Fed Doesn't 'Need To Be In A Hurry' To Lower Interest Rates
Federal Reserve Chair Jerome Powell delivered his semiannual monetary policy testimony before the Senate Banking Committee on Tuesday, reiterating his belief that the central bank does "not need to be in a hurry" to adjust its policy stance.
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7h 36min ago
BP Slips To RC Loss In Q4, Warns On Weak Production; Plans To Reset Strategy
British energy major BP Plc. reported Tuesday a replacement cost or RC loss in its fourth quarter, compared to prior year's profit, amid weak revenues. The company also warned on sequentially lower upstream production in its first quarter, and weak production in fiscal 2025.
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9h 3min ago
BoE's Mann Says Loosening Labor Market Will Restrain Price & Wage Growth
A further loosening of the UK labor market will restrain the growth in wages and prevent second-round effects from setting in, even if the near-term inflation expectations increase, Bank of England policymaker Catherine Mann said Tuesday. In a speech, Mann said the current and likely continued weak demand conditions will lead to a further loosening of the labor market.
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10h 4min ago
Bay Street Likely To Open On Flat To Negative Note
Canadian shares are likely to open on a flat to negative note Tuesday morning with investors assessing the potential impact of new tariffs imposed by the Trump administration on steel and aluminum imports.
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10h 12min ago
FTSE Up Slightly In Cautious Trade; Entain Tanks 10%
After opening higher, U.K. stocks have turned a bit subdued in late morning trades on Monday as investors continue to asses Trump administration's tariff moves and how they could reshape international trade dynamics.
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10h 56min ago
CAC 40 Up Marginally In Cautious Trade
After opening slightly higher and holding in positive territory for more than an hour Tuesday morning, French stocks pared gains and are mostly subdued now as investors make cautious moves, assessing the likely impact of the Trump administration's new tariff moves.
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12h 32min ago
Sensex, Nifty Extend Losses For Fifth Day On Trade War Fears
Indian shares tumbled on Tuesday after U.S. President Donald Trump imposed 25 percent tariffs on all U.S. imports of steel and aluminum, stoking fears of a trade war and potential inflation.
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12h 42min ago
