European Economic News Preview: UK Unemployment Data Due
(RTTNews) - Unemployment from the UK and economic sentiment from Germany are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics is scheduled to publish UK unemployment data. The jobless rate is forecast to rise to 4.5 percent in the three months to June from 4.4 percent in the preceding period.
At 3.00 am ET, Spain's statistical office INE releases final inflation figures for July. Economists forecast consumer price inflation to ease to 2.8 percent, as initially estimated, from 3.4 percent in June.
At 5.00 am ET, Germany's economic sentiment survey results are due. The ZEW economic confidence index is forecast to fall to 38.0 in August from 41.8 in the previous month.
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Malaysia Bourse Likely To Remain Rangebound On Tuesday
The Malaysia stock market turned lower again on Monday, one session after snapping the two-day losing streak in which it had dropped almost 30 points or 1.9 percent. The Kuala Lumpur Composite Index now rests just above the 1,585-point plateau although it figures to bounce higher again on Tuesday.
The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference.
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Pred 5 h 21 min
Japan Stock Market May Spin Its Wheels On Tuesday
Ahead of Monday's holiday for Coming Of Age Day, the Japanese stock market has finished lower in three straight sessions, stumbling almost 900 points or 2.4 percent along the way. The Nikkei 225 now rests just beneath the 39,200-point plateau and it may see another soft start on Tuesday as it catches up on missed weak sentiment.
The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference.
The Nikkei finished sharply lower on Friday following losses from the financial shares, technology stocks and automobile producers.
For the day, the index stumbled 414.70 points or 1.05 percent to finish at 39,190.40 after trading between 39,166.05 and 39,591.46.
Among the actives, Nissan Motor added 0.67 percent, while Mazda Motor slumped 1.57 percent, Toyota Motor plunged 2.43 percent, Honda Motor tumbled 1.61 percent, Softbank Group lost 0.84 percent, Mitsubishi UFJ Financial sank 0.73 percent, Mizuho Financial retreated 1.94 percent, Sumitomo Mitsui Financial stumbled 2.24 percent, Mitsubishi Electric shed 0.64 percent, Sony Group fell 0.31 percent, Panasonic Holdings dropped 0.95 percent and Hitachi surrendered 2,53 percent.
The lead from Wall Street is mixed to higher as the major averages opened on opposite sides of the unchanged line on Monday and finished in the same manner.
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Pred 5 h 36 min
Tech Shares May Keep KOSPI Floundering
The South Korea stock market has moved lower in two straight sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now sits just beneath the 2,490-point plateau and it may remain stuck in neutral on Tuesday.
The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference.
The KOSPI finished sharply lower on Monday following losses from the technology stocks, chemicals and industrials, while the financials offered support.
For the day, the index dropped 26.22 points or 1.04 percent to finish at 2,489.56 after trading between 2,483.73 and 2,513.93. Volume was 569.34 million shares worth 8.89 trillion won. There were 637 decliners and 261 gainers.
Among the actives, Shinhan Financial collected 0.30 percent, while KB Financial spiked 1.71 percent, Samsung Electronics stumbled 2.17 percent, Samsung SDI slumped 1.92 percent, LG Electronics retreated 1.75 percent, SK Hynix plunged 4.52 percent, Naver advanced 0.99 percent, LG Chem declined 1.63 percent, Lotte Chemical dropped 2.56 percent, SK Innovation added 0.64 percent, POSCO Holdings surrendered 1.91 percent, SK Telecom improved 0.72 percent, KEPCO skidded 1.23 percent, Hyundai Mobis lost 1.36 percent, Hyundai Motor tumbled 2.65 percent, Kia Motors eased 0.19 percent and Hana Financial was unchanged.
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Pred 5 h 51 min
TSX Ends Weak For 2nd Straight Day
Canadian stocks turned in a weak performance on Monday as rising concerns about tariffs, and fading prospects of an interest rate cut by the Federal Reserve this month rendered the mood bearish.
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Pred 6 h 14 min
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 sink 3.6 percent on month after climbing 4.2 percent in October.
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Pred 6 h 21 min
Dollar Rises Amid Fading Prospects Of Fed Rate Cuts
The U.S. Dollar climbed higher on Monday, scoring over some of its major counterparts, amid waning prospects of an interest rate cut by the Federal Reserve this month. Last week's upbeat U.S. jobs data has raised the possibility of the central bank going slow on rate cuts.
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Pred 7 h 2 min
US Consumers Expect Higher Inflation In Next Few Years: NY Fed Survey
U.S. consumers' inflation expectations for the next three years increased sharply in December, while unemployment concerns were mixed, results of a monthly survey by the Federal Reserve Bank of New York showed on Monday. Median inflation expectations for the one-year horizon were unchanged at 3.0 percent but they increased to 3.0 percent from 2.6 percent for the three-year horizon.
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Pred 8 h 17 min
Canadian Market Headed For Another Weak Close
The Canadian market is down firmly in negative territory Monday afternoon, with stocks from several sectors reeling under sustained selling pressure amid concerns the Federal Reserve will hold interest rates higher following a much bigger than expected addition of jobs in U.S. non-farm payroll employment in the month of December. Higher bond yields are also weighing on stocks.
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Pred 8 h 56 min
