European Economic News Preview: Eurozone Foreign Trade Data Due
(RTTNews) - Foreign trade and labor cost from the euro area and final inflation figures from Italy are the top economic news due on Monday.
At 2.30 am ET, producer price data is due from Switzerland. Prices are forecast to edge up 0.1 percent on month in August after remaining flat in July.
At 4.00 am ET, Italy's statistical office ISTAT is slated to release final inflation data. Consumer price inflation is forecast to ease to 1.1 percent in August, as initially estimated, from 1.3 percent in July.
At 5.00 am ET, Eurostat is scheduled to issue euro area external trade and labor cost reports. The trade surplus is forecast to decline to EUR 14.9 billion in July from EUR 22.3 billion in June.
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Overbought Jakarta Market Nonetheless Called Higher Again On Monday
The Indonesia stock market has tracked higher in six straight sessions, climbing more than 275 points or 3.7 percent along the way. The Jakarta Composite Index now rests just above the 7,760-point plateau and it's got a firm lead again for Monday's trade.
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4h 19min ago
Hong Kong Stock Market Tipped To Open In The Green
The Hong Kong stock market on Friday halted the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,800-point plateau and it may see additional support on Monday.
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4h 34min ago
Australian Market Notably Higher
The Australian stock market is currently trading notably higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,300.00 level, with gains across most sectors led by gold miner stock and technology stocks.
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4h 36min ago
Continued Volatility Likely For China Stock Market
The China stock market has alternated between positive and negative finishes through the last eight trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,260-point plateau and it's expected to at least open to the upside again on Monday.
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4h 49min ago
Taiwan Stock Market May Extend Its Gains
The Taiwan stock market has climbed higher in two straight sessions, advancing more than 475 points or 2.1 percent along the way. The Taiwan Stock Exchange now rests just beneath the 23,490-point plateau and it's tipped to open in the green again on Monday.
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5h 19min ago
Win Streak May Continue For Singapore Stock Market
The Singapore stock market has finished higher in consecutive trading days, advancing almost 50 points or 1.4 percent along the way. The Straits Times Index now sits just above the 3,640-point plateau and it may add to its winnings on Monday.
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5h 49min ago
Malaysia Stock Market May See Additional Support On Monday
The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,645-point plateau and it may extend its gains on Monday.
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6h 19min ago
KOSPI Tipped To End Losing Streak On Monday
The South Korea stock market has moved lower in three straight sessions, shedding almost 40 points or 1.6 percent along the way. The KOSPI now sits just above the 2,590-point plateau although it may stop the bleeding on Monday,
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6h 49min ago
