Japan Rate Decision On Tap For Friday
(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at -0.1 percent.
Singapore will provide May numbers for non-oil domestic exports, which are expected to rise 1.4 percent on month and 7.6 percent on year after sinking 3.3 percent on month and gaining 6.4 percent on year in April. The trade surplus in April was SGD4.280 billion.
Hong Kong will release May unemployment data; in April, the jobless rate was 5.4 percent.
New Zealand will see May results for the manufacturing PMI from BusinessNZ; in April, the index score was 51.2.
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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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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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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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European Shares Struggle For Direction Ahead Of Holiday Break
European stocks were subdued on Monday in the run-up to Christmas.
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FTSE 100 Subdued As GDP Figures Revised Down
U.K. stocks were flat to slightly lower on Monday after official data showed the U.K. economy stalled in the third quarter.
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Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the European session on Monday.
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CAC 40 Drifts Lower In Cautious Trade
French stocks drifted lower on Monday against the backdrop of Europe's tumultuous political backdrop and worries over potential tariffs under the incoming Trump administration in the U.S.
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DAX Dips Ahead Of Holiday Break
German stocks edged lower in cautious trade on Monday ahead of upcoming Christmas holidays.
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