Japan Tankan Survey Results Due On Monday

RTTNews | 700 days ago
Japan Tankan Survey Results Due On Monday

(RTTNews) - The Bank of Japan will on Monday release the results of its quarterly Tankan Survey of business sentiment, highlighting a busy day in Asia-Pacific economic activity.

The large manufacturers index is expected to see a score of +3, down from +7 in the previous three months, while the outlook is expected to ease to +4 from +6. Large industry capital spending is seen higher by 4.9 percent, slowing dramatically from 19.2 percent in the three months prior.

Australia will see February numbers for building approvals, home loans and retail sales. In January, approvals tumbled 27.6 percent on month, while home loans fell 4.9 percent on month and retail sales rose 1.9 percent.

Indonesia will provide March figures for consumer prices. Overall inflation is expected to rise 0.29 percent on month and 5.20 percent on year after adding 0.16 percent on month and 5.47 percent on year in February. Core CPI is pegged at an annual 3.05 percent, easing from 3.09 percent in the previous month.

A numbers of the regional countries will see March results for their respective manufacturing PMIs from S&P Global, including Australia (Judo Bank), Indonesia, Japan (Jibun Bank), Malaysia, the Philippines, South Korea, Thailand, Vietnam and China (Caixin).

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

read more
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 | 6h 50min 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 | 6h 56min ago
Bay Street Likely To Open On Firm Note

Bay Street Likely To Open On Firm Note

Canadian shares are likely to open on a firm note Monday morning, tracking gains in European markets, and higher commodity prices. Worries about new tariffs by U.S. effective Tuesday could weigh and limit market's upside.
RTTNews | 8h 34min ago
Eurozone Inflation Slows To 2.4%

Eurozone Inflation Slows To 2.4%

Eurozone inflation eased slightly in February partly reflecting the slowdown in services inflation but the rate remained above 2 percent, flash data from Eurostat showed on Monday. The harmonized index of consumer prices logged an annual growth of 2.4 percent after rising 2.5 percent in January. The rate was expected to ease to 2.3 percent.
RTTNews | 9h 10min ago
UK Mortgage Lending Strongest Since 2022, Approvals Fall Slightly

UK Mortgage Lending Strongest Since 2022, Approvals Fall Slightly

Mortgage borrowing of British homebuyers hit the highest since September 2022, while home loan approvals decreased slightly in January ahead of the stamp duty changes in April, figures from the Bank of England showed on Monday. Mortgage lending increased GBP 0.9 billion to GBP 4.2 billion in January, which was the highest since September 2022.
RTTNews | 9h 23min ago
FTSE 100 Advances; Bunzl Down 7% On Weak Earnings

FTSE 100 Advances; Bunzl Down 7% On Weak Earnings

U.K. stocks are modestly higher on Monday with the benchmark FTSE 100 hovering near record highs, led by gains defense shares like in most of the major markets across Europe, on prospects of increased spending on defense.
RTTNews | 10h 8min ago
Eurozone Factory Activity Slump Eases

Eurozone Factory Activity Slump Eases

Eurozone manufacturing sector remained in contraction in February, but the downturn was the least marked since early 2023, final survey results from S&P Global showed on Monday. The HCOB manufacturing Purchasing Managers' Index rose to a 24-month high of 47.6 in February from 46.6 in January. The flash reading was 47.3. The score signaled the smallest deterioration since early-2023
RTTNews | 10h 10min ago