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Japan Producer Price Data Due On Monday
(RTTNews) - Japan will on Monday release November numbers for producer prices, highlighting a light day for Asia-Pacific economic activity.
Producer prices are expected to rise 0.5 percent on month and 8.9 percent on year, easing from 0.6 percent on month and 9.1 percent on year in October.
Australia will see October job advertisement data from ANZ; in September, job ads were down 0.5 percent on month.
Finally, the markets in Thailand are closed on Monday in observance of Constitution Day and will reopen on Tuesday.
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Japan Shares May See Additional Support On Friday
The Japanese stock market has finished higher in six straight sessions, rallying almost 2,250 points or 6.2 percent along the way. The Nikkei 225 now sits just above the 36,450-point plateau and it's expected to open higher again on Friday.
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Rebound Anticipated For South Korea Stock Market
Ahead of Thursday's Labor Day holiday, the South Korea stock market had ended the three-day winning streak in which it had climbed more than 40 points or 1.7 percent. The KOSPI now sits just above the 2,555-point plateau although it's expected to bounce higher again on Friday.
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New Zealand Building Consents Climb 9.6% In March
The total number of building permits issued in New Zealand was up a seasonally adjusted 9.6 percent on month in March, Statistics New Zealand said on Friday - up sharply from the 0.7 percent increase in February.
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Australia Data Due On Friday
Australia will on Friday release Q1 figures for producer prices and March numbers for retail sales, highlighting a busy day for Asia-Pacific economic activity.
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Pound Rises Against Most Majors
The pound firmed against its most major counterparts in the New York session on Thursday.
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UK Market Ends Slightly Up
On a day in which most of the markets across Europe remained closed for Labor Day holiday, the UK market, where trading was on, ended marginally up on Thursday, extending its gains to a 13th straight session.
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Canadian Market Retreats After Recovering From Early Drop
The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside.
The mood in the market is quite cautious amid concerns about global economic growth.
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U.S. Construction Spending Unexpectedly Falls 0.5% In March
Construction spending in the U.S. unexpectedly decreased in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said construction spending fell by 0.5 percent to an annual rate of $2.196 trillion in March after climbing by 0.6 percent to a revised rate of $2.207 trillion in February.
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