Australia Rate Decision Due On Tuesday

RTTNews | 700 days ago
Australia Rate Decision Due On 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 hike its benchmark lending rate by 25 basis points, from 3.60 percent to 3.85 percent.

Japan will see March results for monetary base; in February, the base was down 1.7 percent on year.

South Korea will release Match figures for consumer prices, with forecasts suggesting an increase of 0.2 percent on month and 4.3 percent on year - down from 0.3 percent on month and 4.8 percent on year in February.

Finally, the markets in Taiwan remain closed on Tuesday for Children's Day, and also on Wednesday for the Qingming Festival. The markets will re-open on Thursday.

read more
TSX Ends Sharply Lower As Stocks Tumble On Tariff Jitters

TSX Ends Sharply Lower As Stocks Tumble On Tariff Jitters

The Canadian market ended sharply lower on Monday due to heavy selling in energy and technology sectors. Stocks from materials, industrials and consumer discretionary sectors were the other major losers.
RTTNews | 6h 26min ago
Dollar Loses Ground On Growth Worries

Dollar Loses Ground On Growth Worries

The U.S. dollar drifted lower on Monday, losing ground against almost all its major counterparts, amid rising concerns about global growth, and prospects of a rate cut by the Federal Reserve earlier than expected.
RTTNews | 7h 0min ago
Euro Rallies Amid Ukraine Peace Plan

Euro Rallies Amid Ukraine Peace Plan

The euro firmed against its major counterparts on Monday, amid the prospect of higher defense spending in Europe to deter Russian aggression.
RTTNews | 9h 59min ago
Canadian Market Down Firmly In Negative Territory

Canadian Market Down Firmly In Negative Territory

The Canadian market, which retreated after a positive start Monday morning, continues to languish in negative territory well past noon, with stocks from technology and energy sectors reeling under selling pressure.
RTTNews | 10h 0min ago
Swiss Market Ends On Bright Note

Swiss Market Ends On Bright Note

The Switzerland market started off on a sluggish note on Monday amid tariff concerns, but gained in strength as the day progressed as investors picked up stocks from across several sectors.
RTTNews | 10h 53min ago
European Markets Close On Firm Note As Defense Stocks Rally

European Markets Close On Firm Note As Defense Stocks Rally

European markets closed higher on Monday, led by strong gains posted by defense stocks amid rising prospects of increased military spending by European countries. Investors also bet on a rate cut by the European Central Bank this week.
RTTNews | 11h 7min ago
U.S. Construction Spending Unexpectedly Dips 0.2% In January

U.S. Construction Spending Unexpectedly Dips 0.2% In January

Construction spending in the U.S. unexpectedly edged modestly lower in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said construction spending slipped by 0.2 percent to an annual rate of $2.193 trillion in January after climbing by 0.5 percent to a revised rate of $2.196 trillion in December.
RTTNews | 14h 18min ago
U.S. Manufacturing Index Edges Lower But Still Indicates Modest Growth In February

U.S. Manufacturing Index Edges Lower But Still Indicates Modest Growth In February

A report released by the Institute for Supply Management on Monday showed its reading on U.S. manufacturing edged slightly lower in February, although the index still indicated growth in the sector for the second straight month. The ISM said its manufacturing PMI slipped to 50.3 in February after rising to 50.9 in January, but a reading above 50 still indicates growth.
RTTNews | 14h 24min ago