Australia Retail Sales Data Due On Tuesday

RTTNews | 675 days ago
Australia Retail Sales Data Due On Tuesday

(RTTNews) - Australia will on Tuesday release March numbers for retail sales, highlighting a busy day for Asia-Pacific economic activity.

Sales are expected to add 0.4 percent on month, up from 0.2 percent in February. For the first quarter of 2023, sales are expected to sink 0.5 percent on quarter after easing 0.2 percent in the three months prior.

Japan will see March numbers for household sending, with forecasts suggesting an increase of 1/5 percent on month and 0.4 percent on year. That follows the 2.4 percent monthly drop and the 1.6 percent yearly gain in February.

China will provide April figures for imports, exports and trade balance. Imports are expected to sink 5.0 percent on year after easing 1.4 percent in March. Exports are called higher by an annual 8.0 percent, down from 14.8 percent in the previous month. The trade surplus is pegged at $74.30 billion, down from $88.19 billion a month earlier.

Malaysia will release March numbers for industrial production, with forecasts suggesting an increase of 0.5 percent on year, slowing from 3.6 percent in February.

Indonesia will see April results for its consumer confidence index; in March, the index score was 123.3.

New Zealand will provide April data for electronic card retail sales; in March, sales were up 0.7 percent on month and 15.5 percent on year.

read more
BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25

BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25

German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
RTTNews | 4h 7min ago
Pound Slides On Weak UK GDP Data

Pound Slides On Weak UK GDP Data

The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
RTTNews | 4h 16min ago
CAC Moderately Higher In Cautious Trade

CAC Moderately Higher In Cautious Trade

French stocks are up in positive territory a little past noon on Friday, led by gains financials and luxury sectors. The mood remains cautious amid escalating trade war tensions. Slight optimism about a ceasefire in Ukraine is aiding sentiment.
RTTNews | 4h 33min ago
DAX Climbs Higher; Adidas, Daimler Among Notable Gainers

DAX Climbs Higher; Adidas, Daimler Among Notable Gainers

German stocks are up firmly in positive territory a little past noon on Friday, despite rising trade tensions, and uncertainty surrounding the nation's spending plans. Investors are digesting the nation's inflation data and some corporate earnings updates.
RTTNews | 5h 0min ago
UK Economy Contracts Unexpectedly On Weaker Production

UK Economy Contracts Unexpectedly On Weaker Production

The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.
RTTNews | 6h 41min ago
Asian Shares Advance As US Shutdown Worries Ease

Asian Shares Advance As US Shutdown Worries Ease

Asian stocks ended mostly higher on Friday after U.S. Senate Minority Leader Chuck Schumer said he plans to vote for a Republican bill to fund the government through September, helping ease worries about a potential federal government shutdown.
RTTNews | 6h 47min ago