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Japan Producer Price Data Due On Wednesday
(RTTNews) - Japan will on Wednesday release February figures for producer prices, highlighting a modest day for Asia-Pacific economic activity. Producer prices are expected to slip 0.1 percent on month and rise 4.0 percent on year after adding 0.3 percent on month and 4.2 percent on year in January.
New Zealand will provide February numbers for electronic card retail sales; in January, sales were down 1.6 percent on month and 0.5 percent on year.
Malaysia will release January figures for industrial production, with forecasts suggesting an increase of 2.7 percent on year - moderating from 4.6 percent in December.
Indonesia will see January numbers for retail sales; in December, sales were up 1.8 percent on year.
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Bank Of Canada Cuts Interest Rates By Another 25 Basis Points
With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
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4小时7分钟前
U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February. The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.
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4小时28分钟前
Bay Street Likely To Open On Positive Note
The Bank of Canada's interest rate decision, and U.S. consumer price inflation data are in focus on Bay Street Wednesday morning. The market looks set to open higher thanks to firm commodity prices and European stocks.
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5小时19分钟前
U.S. Consumer Prices Rise Slightly Less Than Expected In February
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February.
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5小时42分钟前
India Inflation Weakest In 7 Months
India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.
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6小时10分钟前
ECB Chief Says Uncertainty Exceptionally High
European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.
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6小时45分钟前
Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the European session on Wednesday, as European shares traded higher after Ukraine signaled its readiness to accept a U.S. proposal for an "immediate, interim 30-day ceasefire" with Russia, and the European Union announced retaliatory tariffs on U.S. imports of steel and aluminum.
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7小时4分钟前
PUMA Stock Plunges On Weak Outlook, Dividend Cut, Despite Upbeat Q4
Shares of Puma SE were sinking more than 24 percent in the morning trading in Germany after the sportswear maker on Wednesday warned on weak earnings in its first quarter and fiscal 2025 and trimmed dividend, despite reporting significantly higher profit in its fourth quarter with strong sales.
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7小时12分钟前
