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Business Optimism in Saudi Arabia Improves in June

Saudi Arabia's business confidence index stood at 56.6 points in June, up from 55.6 points in May, data from the General Authority for Statistics showed Thursday.The monthly change in confidence was 1.8% higher, compared with a 2.1% increase earlier.The statistics agency noted that the reading reflected positive business sentiment, with enterprises remaining confident in both economic stability and broad-based sectoral growth.

^TASI

International35d ago

German Trade Surplus Widens in May

Germany's calendar and seasonally adjusted trade surplus came in at 19.1 billion euros in May, up from the revised 14.7 billion euros a month ago, according to data from the country's Federal Statistical Office published Thursday.Analysts expected a trade surplus of 14.9 billion euros for the month.Exports edged up 0.9% month over month, compared with the revised 0.8% gain in May and the expected 0.3% decline. Monthly imports were 2.5% lower, against the revised 1.1% growth earlier and the market forecast of a 0.1% uptick.

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International35d ago

Saudi's Annual Industrial Production Falls 18.7% in May

Saudi Arabia's industrial production index declined 18.7% year over year in May, following a 19.1% decrease in April, the kingdom's General Authority for Statistics said Thursday.The reading reflects a decline in mining and quarrying activity, as well as manufacturing activity.On a monthly basis, the index jumped 3.2%.

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International35d ago

Japan's Machine Tool Orders Jump 52.8% in June

Japan's machine tool orders increased 52.8% year over year in June to 203.5 billion yen, according to preliminary data from the Japan Machine Tool Builders' Association released Thursday.The pace of increase accelerated from the 37.4% expansion in May and came in above the consensus forecast of 37.4%, tracked by Trading Economics.The sustained expansion in June was driven by robust overseas demand. Foreign orders rose 56% from a year earlier to 145.5 billion yen, while domestic orders increased 45.5% to 58 billion yen.

Nikkei 225

International35d ago

Thailand Greenlights Nine Investment Projects Worth $2 Billion

Thailand has approved nine investment projects worth 66.3 billion baht ($1.99 billion) across artificial intelligence, advanced electronics, aviation, clean energy and food manufacturing, the country's investment board said Wednesday.The initiative came as Thailand seeks to attract global companies relocating supply chains to Southeast Asia. The approvals include AI infrastructure by Japan's Datasection (TYO:3905), electronics materials plants by South Korea's Doosan Electro-Materials, and Taiwan Union Technology (TPE:6274), and a glass fiber fabric facility by Fulltech Fiber Glass (TPE:1815).Other major investments include Nestlé (Thai) expanding its coffee production facilities, Thai Airways (BKK:THAI) leasing eight passenger aircraft, and two wind power projects by Lomrak Green Energy.The Thailand Board of Investment said it has also expanded its energy oversight body to streamline approvals for data center projects and ensure adequate power and clean energy supply. The government is rolling out measures, including dedicated electricity tariffs, faster grid upgrades and support for direct renewable power purchases to accommodate future high-tech investments.

^SETBKK:THAITPE:1815TPE:6274TYO:3905

International35d ago

New Zealand's Official Cash Rate to Peak at 4% by May 2027, BNZ Research Says

Borrowing costs in New Zealand are poised to rise further as the country's central bank will likely follow its first rate hike in three years with a sequence of 25-basis-point increases, BNZ Research said in a Thursday report.The Reserve Bank of New Zealand (RBNZ) on Wednesday raised its official cash rate (OCR) by 25 basis points to 2.5%, citing a need to reduce monetary stimulus as inflation remains above target. The move was broadly in line with analyst forecasts and "almost fully priced by markets," BNZ said.While the RBNZ's latest inflation projections for the June and September quarters were well below the May forecasts due to a recent fall in oil prices, the outlook for medium-term inflation pressures remains uncertain. BNZ expects headline inflation to spike to a peak in the second quarter, with the annual consumer price index forecast to decline through the rest of the year.Additionally, BNZ expects the country's gross domestic product to "contract slightly" in the second quarter, but said a third-quarter recovery "is looking increasingly assured as several indicators point to a pickup in growth momentum."The market research firm anticipates further hikes taking the OCR to a peak of 4% by May 2027. In its core OCR scenario, the cashflow-based fair value estimate for two-year rates is around 3.75%."The retracement in two- and five-year fixed rates over the past month has created an opportunity to top up hedging, with rates likely to move gradually higher through the year," BNZ said.

^NZ50

International35d ago

Malaysia's Industrial Production Index Rises 8.4% in May

Malaysia's Industrial Production Index rose 8.4% year over year in May, according to data from the Department of Statistics Malaysia (DOSM) released on Thursday.The pace of growth accelerated from the 8.2% increase recorded in the previous month. However, the latest reading missed the consensus forecast of a 9.5% increase tracked by Investing.com.The monthly performance was driven primarily by a 6.6% increase in the manufacturing sector and a 4.2% growth in electricity output, while mining output grew by 19.8%.

FTSE Bursa Malaysia KLCI

International35d ago

China Buys Biggest Soybean Amount Since November 2025

Private exporters purchased 472,000 metric tons of soybeans for delivery to China, the U.S. Department of Agriculture's Foreign Agricultural Service said Wednesday.The amount is the largest since November 2025, Bloomberg reported separately the same day.Of the total, 136,000 metric tons will be delivered during the 2025/2026 marketing year and 336,000 metric tons will be due for delivery during the 2026/2027 marketing year.The USDA confirmation comes after Cofco booked at least five cargoes of soybeans for loading in September or October, according to a previous Bloomberg report, citing people familiar with the matter.

Shanghai Composite^SZSE

International35d ago

RICS: UK House Price Balance Broadly Stable in June

The UK Royal Institution of Chartered Surveyors house price balance stood at -33% in June, "broadly in line" with the revised 34% in the previous month, according to residential market survey data released Thursday.The latest reading missed the consensus estimate of -31%.House price expectations for the next three months grew to -32% from -44%, while the 12-month outlook rose to 8% from 6%, signaling a potential uptick in prices over the coming year.

FTSE 100

International35d ago

New Zealand's Light Traffic Index Comes in Lower in June, ANZ Research Says

The Light Traffic Index in New Zealand in June fell 0.5% sequentially and 0.4% year over year due to higher fuel prices, ANZ Research said in a report on Thursday.According to ANZ's Truckometer index, light traffic, including motorbikes, cars, and vans, is generally a good indicator of the state of demand, as opposed to production and it has been noticeably lower in recent months.Meanwhile, the Heavy Traffic Index rose 1.8% on a monthly basis and climbed 1.3% year over year, ANZ said.Heavy traffic data's upward trajectory is intact, ANZ said. It tends to provide a steer on production gross domestic product in real time.

^NZ50

International35d ago

South Korea's Economy Maintains Modest Recovery, KDI Says

South Korea's economy remained on a modest recovery path, supported by robust semiconductor exports and services activity, according to the Korea Development Institute's monthly economic assessment released Wednesday.Semiconductor exports remained strong in value terms despite slower volume growth, supported by higher prices and resilient AI-driven demand. Investment in semiconductor-related sectors also stayed solid.Services output continued to expand, led by finance, insurance and professional services, while consumer-facing industries improved alongside modest gains in consumption.Manufacturing production, however, edged lower as earlier strength in semiconductor output moderated and other sectors remained subdued.

^KOSDAQKOSPI

International35d ago

China's Consumer Inflation Slows to 1% in June

China's annual consumer inflation decelerated to 1% in June, according to data from the National Bureau of Statistics (NBS) on Thursday.The reading was softer than the consensus forecast of 1.1% tracked by Investing.com, and compared with the 1.2% pace recorded in the previous month.On a month-over-month basis, China's headline inflation fell 0.3%, sharper than the 0.1% drop between April and May.

Shanghai Composite^SZSE

International35d ago

China's Producer Inflation Accelerates to 4.1% in June

China's annual producer inflation accelerated to 4.1% in June from 3.9% in May, according to data from the National Bureau of Statistics (NBS) released on Thursday.The reading matched the consensus forecast of 4.1% tracked by Investing.com.The acceleration was driven primarily by a 6.4% year-over-year rise in industrial producer purchase prices.Meanwhile, on a month-over-month basis, China's PPI fell 0.3%, reversing the 0.5% increase in May and the first monthly contraction in three months.

Shanghai Composite^SZSE

International35d ago

ADB Maintains Thailand 2026 GDP Growth Outlook, Lifts Inflation Forecast

The Asian Development Bank maintained its Thailand economic growth forecast for 2026 while raising the inflation outlook, according to its Asian Development Outlook update released late Wednesday.The ADB expects Thailand's economy to expand 1.8% in 2026, unchanged from its April forecast.For 2027, the bank also kept its real GDP growth projection at 2%.The ADB now expects Thailand's inflation to increase 2.9% in 2026, compared with a 0.1% contraction in 2025. The latest forecast is significantly higher than its 1.3% projection in April.

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International35d ago

ADB Cuts India Growth Forecast for 2026

The Asian Development Bank trimmed its India economic growth estimate for 2026, according to its Asian Development Outlook update published late Wednesday.The ADB said it expects India's economy to grow 6.6% in 2026, down 0.3 percentage points from the April estimate.For 2027, the real GDP growth estimate was unchanged at 7.3%.The ADB expects inflation in India to rise to 5.2% in 2026 from 2.1% in 2025, higher than the 4.5% April projection.

^BSENifty 50

International35d ago

ADB Cuts Developing APAC Growth Forecast for 2026

The Asian Development Bank trimmed its developing Asia and the Pacific economic growth estimate for 2026, below last year's growth due to the effects of the Middle East conflict.In its Asian Development Outlook update published late Wednesday, the ADB expects the region's economy to grow 4.9% in 2026, down 0.2 percentage points from the April estimate.For 2027, the real GDP growth estimate was unchanged at 5.1%.The ADB expects inflation in the developing APAC region to rise to 4.3% in 2026 from 3% in 2025, higher than the 3.6% April projection.

^BSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPI^NSENifty 50^PSEI^SETShanghai Composite^SZSETaiwan Weighted

International35d ago

ADB Keeps Malaysia's Growth Forecast Unchanged for 2026

The Asian Development Bank kept its economic growth estimate for Malaysia unchanged for 2026, but lifted its inflation forecast.In its Asian Development Outlook update published late Wednesday, the ADB expects the country's economy to grow 4.6% in 2026, sticking to its April estimate.For 2027, the real GDP growth estimate was also unchanged at 4.5%.The ADB expects inflation in Malaysia to rise to 2.0% in 2026 from 1.4% in 2025, higher than the 1.8% April projection.

FTSE Bursa Malaysia KLCI

International35d ago

ADB Keeps China's Growth Forecast Unchanged for 2026

The Asian Development Bank kept its economic growth estimate for China unchanged for 2026.In its Asian Development Outlook update published late Wednesday, the ADB expects the country's economy to grow 4.6% in 2026, unchanged from its April estimate.For 2027, the real GDP growth estimate also remained at 4.5%.The ADB expects inflation in China to rise to 1.2% in 2026 from 0.0% in 2025, higher than the 0.6% April projection.

Shanghai Composite^SZSE

International35d ago

IMF Keeps ASEAN Growth Forecast Unchanged for 2026

The International Monetary Fund kept its ASEAN economic growth estimate for 2026 unchanged.In its World Economic Outlook update published late Wednesday, the IMF expects the region's economy to grow 4.1% in 2026, unchanged from the April estimate.For 2027, the growth estimate moved 0.1 percentage point lower to 4.3% for the group consisting of Indonesia, Malaysia, Philippines, Singapore, and Thailand.

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International35d ago

IMF Cuts India Growth Forecast for 2026 to 6.4%

The International Monetary Fund lowered its India economic growth estimate for 2026, even as it expects the country to remain among the fastest-growing major economies in the world.In its World Economic Outlook update published late Wednesday, the IMF expects the country's economy to grow 6.4% in 2026, down 0.1 percentage point from the April estimate.For 2027, the real GDP growth estimate was raised by 0.2 percentage points to 6.7%.IMF expects India's growth to be supported by strong momentum in private consumption and services activity.

^BSENifty 50

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