European Economics Preview: Germany Foreign Trade Data Due
(RTTNews) - Foreign trade data from Germany is due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis releases Germany's foreign trade figures for May. Exports and imports are forecast to grow 0.9 percent each on a monthly basis in May.
Half an hour later, Switzerland's statistical office publishes consumer price data for June. Inflation is seen rising to 3.2 percent from 2.9 percent in May.
At 3.00 am ET, Spain's unemployment data is due for June. The number of unemployed declined 99,500 in May.
At 5.00 am ET, Eurostat is slated to publish euro area producer prices for May. Economists expect producer price inflation to ease to 36.7 percent from 37.2 percent in April.
read more
U.S. Dollar Seeing Modest Strength Following Upbeat Service Sector Data
After trending lower over the past few days, the value of the U.S. dollar has shown a modest move back to the upside during trading on Wednesday.
RTTNews
|
4h 53min ago
Swiss Market Ends On Bright Note
The Switzerland market ended on a strong note on Wednesday, in line with most of the markets across Europe, amid hopes the European Central Bank will announce its first interest rate cut in several years on Thursday.
RTTNews
|
7h 52min ago
European Stocks Close Higher Amid Optimism Over ECB Rate Cut
European stocks closed higher on Wednesday amid rising optimism about an interest rate cut by the European Central Bank (ECB) tomorrow. Data showing an increase in Eurozone Composite PMI, and growth in France's industrial output helped as well in lifting investor sentiment.
RTTNews
|
8h 8min ago
Canadian Dollar Drops As BoC Cuts Interest Rates
The Canadian dollar declined against its major counterparts in the New York session on Wednesday, as the Bank of Canada lowered interest rates by 25 basis points.
RTTNews
|
8h 41min ago
Canadian Market Up In Positive Territory After BoC's Rate Cut Announcement
The Canadian market is up in positive territory around noon on Wednesday, with investors cheering the Bank of Canada's decision to cut interest rate by 25 basis points.
RTTNews
|
9h 9min ago
U.S. Services Index Jumps To Nine-Month In May
Service sector activity in the U.S. returned to growth in the month of May after contracting in April for the first time since December 2022, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI jumped to 53.8 in May from 49.4 in April, with a reading above 50 indicating growth in the sector.
RTTNews
|
10h 33min ago
UK Service Sector Growth Moderates In May
The UK service sector growth moderated in May as growth momentum in business activity and new orders softened from their 11-month highs reported in April, final survey data from S&P Global showed on Wednesday. The S&P Global services Purchasing Managers' Index dropped to 52.9 in May, in line with the flash estimate, from April's 11-month high of 55.0.
RTTNews
|
10h 39min ago
Bank Of Canada Lowers Interest Rates By A Quarter Point As Widely Expected
Citing continued evidence that underlying inflation is easing, the Bank of Canada on Wednesday announced it has decided to lower interest rates by 25 basis points. The Bank of Canada reduced its target for the overnight rate to 4.75 percent, with the bank rate at 5.0 percent and the deposit rate at 4.75 percent.
RTTNews
|
11h 26min ago
