South Korea GDP Data Due On Thursday

RTTNews | 33 days ago
South Korea GDP Data Due On Thursday

(RTTNews) - South Korea will on Thursday release preliminary Q3 data for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.

GDP is expected to rise 0.5 percent on quarter and 2.0 percent on year after slipping 0.2 percent on quarter and expanding 2.3 percent on year in the previous three months.

Australia will see preliminary October results for the manufacturing and services PMIs from Judo Bank; in September, their scores were 46.7 and 50.5, respectively.

Japan will see preliminary October results for the manufacturing and services PMIs from Jibun Bank; in September, their scores were 49.7 and 53.1, respectively.

Malaysia will provide September figures for consumer prices; in August, inflation was up 0.1 percent on month and 1.9 percent on year.

Taiwan will release September unemployment numbers; in August, the jobless rate was 3.36 percent.

read more
U.S. Consumer Confidence Continues To Improve In November

U.S. Consumer Confidence Continues To Improve In November

After reporting a significant rebound by U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing consumer confidence continued to improve in November. The Conference Board said its consumer confidence index rose to 111.7 in November after surging to an upwardly revised 109.6 in October.
RTTNews | 6h 54min ago
U.S. New Home Sales Pull Back Much More Than Expected In October

U.S. New Home Sales Pull Back Much More Than Expected In October

A report released by the Commerce Department on Tuesday showed a substantial pullback by new home sales in the U.S. in the month of October. The Commerce Department said new home sales saw a 17.3 percent nosedive to an annual rate of 610,000 in October after spiking by 7.0 percent to a rate of 738,000 in September. Economists had expected new home sales to decrease to a rate of 730,000.
RTTNews | 6h 57min ago
Intel To Get $7.865 Bln Govt. Grant For US Semiconductor Projects

Intel To Get $7.865 Bln Govt. Grant For US Semiconductor Projects

The U.S. government has offered Intel Corp. up to $7.865 billion in direct funding for its commercial semiconductor manufacturing projects, which is expected to create thousands of jobs. The latest award, together with a 25% investment tax credit which the firm plans to claim, would support the chip maker's plans to invest more than $100 billion in the U.S.
RTTNews | 8h 6min ago
Bay Street Likely To Open Higher On Firm Commodities, But Trade War Fears May Weigh

Bay Street Likely To Open Higher On Firm Commodities, But Trade War Fears May Weigh

It's likely to be a positive start for Canadian stocks on Tuesday as higher crude oil and gold prices are likely to trigger some buying in energy and metal sectors. However, fears of a renewed trade war following U.S. President-elect Donald Trump pledging to impose tariffs on all imports from Mexico, Canada and China, may hurt sentiment and limit market's upside.
RTTNews | 9h 39min ago
Rivian Shares Gain On Reports Of Conditional Settlement With Tesla, $6.6 Bln Loan Approval

Rivian Shares Gain On Reports Of Conditional Settlement With Tesla, $6.6 Bln Loan Approval

Rivian Automotive Inc.'s shares gained around 13 percent on Monday's regular trading after reports emerged that the all-electric automaker has reached a conditional settlement with EV major Tesla Inc., regarding its four-year old lawsuit. The shares were gaining 7% further in the pre-market activity on the Nasdaq, despite a slight drop in previous day's extended trading, after Rivian announced...
RTTNews | 11h 31min ago