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European Economic News Preview: Eurozone GDP Data Due

RTTNews | 19 days ago

European Economic News Preview: Eurozone GDP Data Due

(RTTNews) - Flash GDP estimate from the euro area is the top economic news due on Wednesday, headlining a light day for the European economic news.

At 2.45 am ET, France's statistical office INSEE is set to publish final inflation figures for April. Consumer price inflation is seen at 2.2 percent, unchanged from the flash estimate.

At 4.00 am ET, preliminary GDP figures are due from Poland. The economy is forecast to expand 0.7 percent sequentially in the first quarter after staying flat in the preceding period.

At 5.00 am ET, Eurostat publishes euro area flash GDP estimate and industrial production figures. The initial estimate showed that the economy expanded 0.3 percent on quarter, in contrast to the 0.1 percent decline in the fourth quarter. Industrial output is expected to fall 0.3 percent on month in March, reversing a 0.8 percent rise in February.

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Singapore Stock Market May See Additional Support

Singapore Stock Market May See Additional Support

The Singapore stock market has moved higher in three straight sessions collecting more than 25 points or 0.8 percent along the way. The Straits Times Index now rests just beneath the 3,350-point plateau and it may add to its winnings on Tuesday.

RTTNews | 4h 28min ago

Malaysia Stock Market May End Losing Streak

Malaysia Stock Market May End Losing Streak

Ahead of Monday's holiday for Agong's birthday, the Malaysia stock market had moved lower in six straight trading days, sinking almost 35 points or 2.1 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,600-point plateau although it's expected to stop the bleeding on Tuesday.

RTTNews | 4h 58min ago

South Korea Stock Market May Extend Winning Streak

South Korea Stock Market May Extend Winning Streak

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 50 points or 1.8 percent along the way. The KOSPI now sits just above the 2,680-point plateau and it may tick higher again on Tuesday.

RTTNews | 5h 28min ago

TSX Ends Notably Lower As Energy Stocks Tumble

TSX Ends Notably Lower As Energy Stocks Tumble

The Canadian market ended notably on Monday, after staying weak right through the day's session due to sustained selling in energy stocks.

RTTNews | 6h 11min ago

Australia Data On Tap For Tuesday

Australia Data On Tap For Tuesday

Australia is scheduled to release a batch of data on Tuesday, headlining a light day for Asia-Pacific economic activity, On tap are April figures for retail sales and Q1 data for current account and company profits.

RTTNews | 6h 28min ago

Dollar Loses Ground On Weak Economic Data

Dollar Loses Ground On Weak Economic Data

The U.S. dollar weakened against its major counterparts on Monday, weighed down by data showing a bigger than expected contraction in the nation's manufacturing activity in the month of May.

RTTNews | 6h 57min ago

U.S. Stocks Close On Mixed Note

U.S. Stocks Close On Mixed Note

After a positive start and a subsequent retreat that resulted in a fairly long spell in negative territory on Monday, U.S. stocks recovered in afternoon trades and ended the day's session on a mixed note.

RTTNews | 7h 42min ago

Canadian Market Looks Headed For Weak Close; Energy Stocks Fall

Canadian Market Looks Headed For Weak Close; Energy Stocks Fall

The Canadian market is down firmly in negative territory Monday afternoon with energy stocks reeling under sustained selling pressure on weak oil prices. A few stocks from healthcare and industrials sectors are also sharply lower.

RTTNews | 9h 48min ago

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