China Inflation Data Due On Wednesday
(RTTNews) - China will on Wednesday release May figures for consumer and producer prices, highlighting a light day for Asia-Pacific economic activity.
Overall consumer prices are expected to rise 0.4 percent on year after adding 0.3 percent in April. Producer prices are seen lower by an annual 1.5 percent after sinking 2.5 percent in the previous month.
Japan will provide May figures for producer prices, with forecasts suggesting an increase of 0.4 percent on month and 2.0 percent on year, up from 0.3 percent on month and 0.9 percent on year in April.
South Korea will see May data for unemployment; in April, the jobless rate was 2.8 percent.
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European Economic News Preview: BoE To Cut Interest Rate
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China Exports Growth Fastest In More Than 2 Years; Imports Fall
China's exports expanded the most in more than two years in October, while imports declined at a sharper-than-expected pace due to weaker domestic demand, official data showed Thursday. Exports grew 12.7 percent on a yearly basis, following an increase of 2.4 percent in September, customs data revealed. Shipments were forecast to climb only 5.0 percent.
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European Shares To Open Mixed On Tariff Worries
European stocks may open on a mixed note Thursday amid concerns that Donald Trump's 'America First' policy may revive trade tussle over tariffs.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Thursday, following the broadly positive cues from Wall Street overnight, as traders cautiously weigh the implications of Donald Trump's victory in the U.S. Presidential Election. They are concerned about Trump's tariff plans that could reignite U.S.-China trade tensions. Asian Markets closed mixed on Wednesday.
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Japanese Market Notably Lower
Reversing the gains in the previous two sessions, the Japanese stock market is notably lower on Thursday after opening in the green, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,300 level, with weakness in index heavyweights and technology stocks partially offset by gains in exporters and financial stocks.
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Sensex, Nifty Seen Lower As Markets Weigh Impact Of Trump Presidency
Indian shares look set to open lower on Thursday as investors weigh the implications of Donald Trump's return to presidency.
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Thai Shares Tipped To Bounce Higher Again On Thursday
The Thai stock market turned lower again on Wednesday, one day after snapping the two-day slide in which it had eased just over 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just above the 1,465-point plateau although it's expected to rebound on Thursday.
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Indonesia Bourse Likely To Reclaim 7,400-Point Level
The Indonesia stock market headed south again on Wednesday, one day after ending the two-day slide in which it had slumped almost 100 points or 1.4 percent. The Jakarta Composite Index now rests just above the 7,380-point plateau although it's likely to see renewed support on Thursday.
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