Australia Interest Rate Decision On Tap For Tuesday

RTTNews | 142 days ago
Stocktwits
Australia Interest 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 widely expected to keep its benchmark lending rate unchanged at 4.35 percent.

Australia also will see June figures for building approvals, with forecasts suggesting a decline of 6.5 percent on month following the 5.5 percent increase in May.

Japan will provide June numbers for household spending, with forecasts calling for an increase of 0.2 percent on month and a decline of 0.9 percent on year. That follows the 0.3 percent monthly decline and the 1.8 percent annual drop in May.

Taiwan will see July data for consumer prices; in June, overall inflation was up 0.26 percent on month and 2.42 percent on year.

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U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st. The report said initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week's unrevised level of 220,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 6h 18min ago
Asian Shares Mixed In Thin Holiday Trade

Asian Shares Mixed In Thin Holiday Trade

Asian stocks ended mixed in thin holiday trade on Thursday while regional currencies were mostly lower against a resilient dollar and elevated Treasury yields amid uncertainty about the Federal Reserve's interest-rate path and U.S. President-elect Donald Trump's tariff threats. Oil and gold clung to modest gains in Asian trade.
RTTNews | 12h 25min ago
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