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Japan Producer Price Data Due On Friday
(RTTNews) - Japan will on Friday release October data for producer prices, highlighting a light day for Asia-Pacific economic activity.
Producer prices are expected to rise 0.6 percent on month and 8.8 percent on year, slowing from 0.7 percent on month and 9.7 percent on year in September.
Hong Kong will provide final Q3 figures for gross domestic product; in the previous three months, GDP was up 1.0 percent on quarter and down 1.3 percent on year.
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ECB Minutes Show Members Expressed Worries Over Possible Shocks To Growth From Trade Tensions
Minutes of the March policy session of the European Central Bank showed that rate-setters were worried about the impact of the looming trade tariffs and the high uncertainty on the Eurozone economic growth.
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4h 9min ago
Swiss Market Ends Sharply Lower On Tariff Woes
Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
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6h 21min ago
European Stocks Close Sharply Lower As Trump's Tariff Announcement Triggers Sell-off
European stocks tumbled on Thursday with several markets falling to multi-month lows as U.S. President Donald Trump's sweeping "reciprocal tariffs" announcement triggered widespread selling.
It is feared that the new levies could fuel inflation and disrupt global supply chains and lead to trade wars.
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6h 42min ago
Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment
Canadian stocks are deep down in the red on Thursday, hurt by U.S. President Donald Trump's sweeping tariff announcement that is likely to trigger a global trade war, which could push up inflation and hinder economic growth.
The benchmark S&P/TSX Composite Index, which crashed to 24,429.24, losing about 880 points, was down 737.43 points or 2.91% at 24,569.75 a little while ago.
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7h 32min ago
U.S. Services Index Drops To Nine-Month Low In March
U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
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9h 19min ago
U.S. Trade Deficit Shrinks From Record High As Exports Surge
The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January. The report said the trade deficit decreased to $122.7 billion in February after spiking to a revised $130.7 billion in January.
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9h 24min ago
U.S. Weekly Jobless Claims Unexpectedly Dip To 219,000
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended March 29th. The report said initial jobless claims dipped to 219,000, a decrease of 6,000 from the previous week's revised level of 225,000.
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9h 47min ago
Euro Advances Against Majors
The euro strengthened against other major currencies in the European session on Thursday, as the U.S. dollar suffered due to concerns about the country's short-term economic prospects and the continuous imposition of tariffs on trading partners. The euro was also supported by economic data.
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10h 23min ago
