RBA Minutes On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will on Monday release the minutes from its monetary policy meeting on June 7, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the RBA raised its key interest rate by a bigger-than-expected 50 basis points to 0.85 percent from 0.35 percent, which was the biggest hike since 2000, and vowed to withdraw the monetary support to bring inflation back to the target. This was the second consecutive rate hike after lifting a quarter-point in May.
Hong Kong will see Q1 numbers for current account and May inflation data. The current account surplus was HKD96.1 billion in the previous quarter. Inflation in April was down 0.2 percent on month and up 1.3 percent on year.
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U.S. New Home Sales Show Significant Rebound In November
After reporting a sharp pullback by new home sales in the U.S. in the previous month, the Commerce Department released a report on Monday showing a significant rebound by new home sales in the month of November. The Commerce Department said new home sales surged by 5.9 percent to an annual rate of 664,000 in November after plunging by 14.8 percent to a revised rate of 627,000 in October.
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6h 8min ago
U.S. Consumer Confidence Unexpectedly Deteriorates In December
Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December, according to a report released by the Conference Board on Monday. The Conference Board said its consumer confidence index tumbled to 104.7 in December from an upwardly revised 112.8 in November.
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6h 10min ago
U.S. Durable Goods Orders Pull Back More Than Expected In November
New orders for U.S. manufactured durable goods slumped by much more than expected in the month of November, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in November after climbing by an upwardly revised 0.8 percent in October.
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6h 21min ago
FSIS Announces Recalls Of Pork, Beef Products
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has announced various recalls of ready-to-eat or RTE pork and beef bologna products, as well as raw pork sausage products. Perkins, Oklahoma-based Ralph's Packing Co. is recalling around 3,132 pounds of RTE pork and beef bologna products citing misbranding and undeclared milk, a known allergen.
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8h 19min ago
Bay Street May Open With Slightly Negative Bias; GDP, PPI Data In Focus
Weak crude oil and gold prices point to a negative open for Canadian stocks on Monday. However, the market may climb higher if GDP and producer prices data, due this morning, turn out to be positive.
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8h 32min ago
Swiss Franc Slides As European Shares Traded Higher
The Swiss franc weakened against other major currencies in the European session on Monday, as the European stocks traded higher heading into a holiday-shortened week.
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10h 6min ago
Sensex, Nifty Rebound From Five-day Slump
Indian shares ended notably higher on Monday after five straight sessions of losses.
Benchmark indexes both staged a share recovery, after having fallen nearly 5 percent over the last week.
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11h 25min ago
Starbucks Union Expands Strike To More States
The ongoing strike at coffee retail giant Starbucks Corp. by its baristas has been expanded to nine states as of Sunday, according to the Starbucks Workers United union. The five-day strike began on Friday at Starbucks locations in Chicago, Los Angeles and Seattle- its hometown- seeking wage increases for baristas. The workers in Colorado, Ohio and Pennsylvania locations joined on Saturday...
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11h 57min ago
