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Japan Interest Rate Decision Due On Wednesday

The Bank of Japan will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The benchmark lending rate is expected to hold steady at -0.1 percent. Japan also will release August figures for imports, exports and trade balance. Imports are…

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Crude Oil Settles Higher Ahead Of Inventory Data

Crude oil prices edged higher on Tuesday, with traders betting on possible supply shortage after U.S. sanctions on Iran that come into force from early November. Saudi Arabia’s remarks that it was comfortable with Brent oil above $80 a barrel, at least in the short term, supported oil’s upmove. Rising geopolitical tensions after Russia blamed…

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U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. remained firm in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 67 in September, unchanged from August. Economists had expected the index to edge down to 66. “Despite…

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Treasuries Move Notably Lower As Traders Shrug Off Trade War

After ending the previous session roughly flat, treasuries showed a notable move to the downside during trading on Tuesday. Bond moved lower early in the session and slid more firmly into negative territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.7 basis points…

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Dollar Little Changed On Light Data Day

The dollar is up slightly against its major rival Tuesday afternoon, after recovering from some early weakness. With little global economic data to drive the direction of trading, investors remained focused on trade. President Donald Trump announced new tariffs on approximately $200 billion worth of Chinese imports on Monday, although the tariffs will initially be…

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Georgia Economic Growth Strengthens In Q2

Georgia’s economy growth improved in the second quarter after slightly easing in the previous three months, preliminary data from the National Statistical Office showed Tuesday. Gross domestic product grew 5.5 percent year-on-year following a 5.3 percent increase in the first quarter. In the final three months of 2017, the economy expanded 5.4 percent. In the…

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Gold Futures Settle Lower As Dollar Edges Up

Gold prices drifted lower on Tuesday as the dollar edged higher after the United States announced a 10% tariff on $200 billion in imports from China, starting next week. The 10% rate will be applicable till the year-end, after which it would increase to 25% from January 1, 2019. The move by the U.S. has…

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Hungary Central Bank Holds Key Rate Steady As Expected

Hungary’s central bank kept its benchmark interest rates steady on Tuesday, as expected. The Monetary Council of the Magyar Nemzeti Bank decided to hold the base rate unchanged at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016. The overnight central bank deposit rate was kept at…