European Economic News Preview: Eurozone Final Inflation Data Due
(RTTNews) - Final inflation data from the euro area is the top economic news due on Friday, headlining a light day for the European economic news.
At 2.30 am ET, Switzerland's Federal Statistical Office publishes quarterly industrial production data for the first quarter.
At 3.00 am ET, final inflation figures are due from Austria. Inflation is seen at 3.5 percent in April, unchanged from the flash estimate and down from 4.1 percent in March. At 5.00 am ET, Eurostat is slated to issue euro area final inflation data for April. The flash estimate showed that inflation held steady at 2.4 percent in April and core inflation slowed to 2.7 percent from 2.9 percent in March.
read more
TSX Ends Lower Again, Sheds About 1.7% In Week
Despite recovering from early lows, the Canadian market ended weak on Friday, hurt by losses in consumer staples and communications sectors.
RTTNews
|
14h 35min ago
Dollar Rises To Near 7-year High
The U.S. dollar rose to a near 7-week high on Friday with traders betting on just one interest rate cut by the Federal Reserve this year.
RTTNews
|
15h 17min ago
Canadian Market Remains Weak Despite Paring Some Early Losses
After a slightly weak start and a subsequent drop to lower levels, the Canadian market has recovered some lost ground on Friday with select stocks finding modest support.
RTTNews
|
18h 48min ago
Swiss Market Ends Weak For 2nd Straight Day
The Switzerland market ended weak on Friday, extending losses from the previous session, amid political tensions in Europe, and continued uncertainty about interest rates.
RTTNews
|
19h 11min ago
European Stocks Close Weak As Political Tensions, Rate Uncertainty Continue To Weigh
European stocks closed weak on Friday, with several major markets falling to multi-week or multi-month lows, amid uncertainty about interest rates, and political tensions in Europe.
RTTNews
|
19h 24min ago
Pound Falls Amid Risk Aversion
The pound lost ground against its major counterparts on Friday, as European shares fell amid persistent concerns about the upcoming parliamentary elections in France.
RTTNews
|
21h 8min ago
U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June
The University of Michigan released preliminary data on Friday unexpectedly showing a continued deterioration in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index fell to 65.6 in June after tumbling to 69.1 in May. Economists had expected the index to rebound to 72.0.
RTTNews
|
22h 3min ago
U.S. Import Price Unexpectedly Decrease 0.4% In May
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent.
RTTNews
|
22h 52min ago
