RBA Minutes On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on August 2, setting the pace for a light day in Asia-Pacific economic activity.
At the meeting, the central bank decided to lift the cash rate target by 50 basis points to 1.85 percent, the highest level since April 2016. The bank has raised the benchmark rate by a cumulative 175 basis points over the last four consecutive meetings. The bank also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 percent.
Japan will see June results for its tertiary industry index; in May, the index rose 0.8 percent on month.
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Japan Stock Market Poised To End Its Slide
The Japanese stock market has moved lower in back-to-back sessions, plunging more than 970 points or 2.5 percent along the way. The Nikkei 225 now rests just above the 39,300-point plateau although it's due for support on Tuesday.
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5h 13min ago
KOSPI May Crack Resistance At 2,500 Points
The South Korea stock market has moved higher two straight sessions, accelerating almost 90 points or 3.6 percent along the way. The KOSPI now sits just beneath the 2,490-point plateau and it may add to its winnings again on Tuesday.
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5h 28min ago
Australia Building Approval Data Due On Tuesday
Australia will on Tuesday release November numbers for building approvals, highlighting a light day for Asia-Pacific economic activity. Approvals are expected to slip 0.9 percent on month after climbing 4.2 percent in October.
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5h 58min ago
Swiss Franc Weakens Against Majors
The Swiss franc declined against its major counterparts in the New York session on Monday, as gains in tech stocks lifted Wall Street.
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9h 57min ago
Swiss Market Closes Moderately Higher
Despite a couple of weak spells during the day's trading session, the Switzerland market closed moderately higher on Monday, in line with markets across Europe after data showed an improvement in services sector activity in the region. Optimism about a recovery of the Chinese economy following recent stimulus measures helped as well.
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10h 5min ago
European Markets Close On Firm Note
European stocks closed higher on Monday with investors reacting positively to slightly encouraging services sector data from the region, and stronger-than-expected services sector growth in China.
The upside was also due to expectations of more stimulus from the Chinese government, and easing concerns about tariff hikes amid reports U.S. President-elect Donald Trump's tariff plan will not be any
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10h 27min ago
U.S. Factory Orders Pull Back Slightly More Than Expected In November
A report released by the Commerce Department on Monday showed new orders for U.S. manufactured goods decreased by slightly more than expected in the month of November. The Commerce Department said factory orders fell by 0.4 percent in November after climbing by an upwardly revised 0.5 percent in October. Economists had expected factory orders to dip by 0.3 percent.
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12h 26min ago
German Inflation At 11-Month High Unlikely To Worry ECB Policymakers
Consumer price inflation in Germany rose for a third month in a row, and at a faster than expected pace in December, to its highest level in 11 months led by higher food prices and services costs, though policymakers at the European Central Bank are likely to be less concerned at the recent spike in price pressures and press ahead with another interest rate reduction in the next policy session.
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12h 42min ago
