European Economics Preview: Eurozone Money Supply Data Due
(RTTNews) - Money supply data from the euro area is due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Sweden publishes foreign trade, producer prices and household lending data.
At 4.00 am ET, the European Central Bank is set to publish private sector credit data for August. M3 money supply is expected to grow 5.4 percent annually after rising 5.5 percent in July.
At 7.30 am ET, ECB Chief Christine Lagarde is set to speak at an online conference organized by the Banque de France in Paris.
At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is forecast to lift the key interest rate by 100 basis points to 12.75 percent.
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Malaysia Bourse Expected To Snap Losing Streak
The Malaysia stock market has finished lower in three straight sessions, slipping more than 40 points or 2.2 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,560-point plateau although it may see support on Thursday.
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5h 19min ago
Japan Shares May Stop The Bleeding On Thursday
The Japanese stock market has finished lower in five straight sessions, stumbling more than 1,630 points or 4.3 percent along the way. The Nikkei 225 now rests just beneath the 38,450-point plateau although it may find traction on Thursday.
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5h 34min ago
Renewed Support Anticipated For South Korea Shares
The South Korea stock market ticked lower again on Wednesday, one day after ending the two-day slide in which it had fallen almost 35 points or 1.4 percent. The KOSPI now sits just beneath the 2,500-point plateau although it figures to bounce higher again on Thursday.
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5h 49min ago
Australia Unemployment Data Due On Thursday
Australia will on Thursday release December figures for unemployment, highlighting a modest day for Asia-Pacific economic activity.
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6h 19min ago
Oil Futures Settle Sharply Higher On Inventory Drop, Supply Disruptions Concerns
Oil prices rose sharply on Wednesday as crude inventories in the U.S. dropped in the week ended January 10th. Possibility of supply disruptions due to new sanctions by the U.S. on Russia contributed as well to the rise in oil prices.
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7h 36min ago
TSX Up Nearly 1% As Interest Rate Concerns Drop
The Canadian market is up firmly in positive territory Wednesday afternoon as U.S. consumer price inflation data has raised hopes the Federal Reserve will lower interest rates in its next meeting, or in March 2025.
Technology, real estate, financials and healthcare stocks notably higher. A few stocks from consumer staples, industrials and materials sectors are also up, while shares from the rest
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8h 42min ago
Swiss Market Ends On Firm Note
After a weak start and a subsequent recovery, the Switzerland market suffered a mild setback around early afternoon on Wednesday, but recovered swiftly and climbed higher to end the day's session on a firm note.
Encouraging U.S. and UK consumer price inflation data aided sentiment.
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10h 11min ago
European Stocks Close On Firm Note On Encouraging Economic Data
European stocks closed higher on Wednesday as investors reacted to some encouraging economic data, including consumer price inflation data from the U.K. and the U.S.
The less than expected increase in U.S. consumer price inflation has raised hopes of rates cuts by the Federal Reserve.
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10h 28min ago
