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European Economic News Preview: Eurozone Foreign Trade Data Due
(RTTNews) - Foreign trade data from the euro area is the top economic news due on Thursday, headlining a light day for the European economic news.
At 12.30 am ET, unemployment data from the Netherlands and consumer confidence from Norway are due.
At 4.00 am ET, Norway's central bank is set to announce its monetary policy decision. The bank is expected to lift its key interest rate to 4.00 percent from 3.75 percent.
At 5.00 am ET, Eurostat publishes euro area foreign trade data for June. Economists forecast the trade balance to post a surplus of EUR 18.3 billion compared to a shortfall of EUR 0.3 billion posted in May.
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Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes
Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.
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56 minutos atrás
Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the New York session on Tuesday.
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1h 10min atrás
Dollar Index Rebounds Amidst Legal Whiplash For Trade Tariffs
The Dollar Index rebounded during the week ended May 30 amidst conflicting court rulings that debated the powers available to President Trump to enforce the reciprocal tariffs on trade partners.
RTTNews
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1h 45min atrás
FTSE 100 Up Marginally In Cautious Trade
After edging up a bit in early trades, the U.K. stock market drifted lower Tuesday morning, but edged up on selective buying and was up marginally nearly half an hour past noon.
A downward revision in UK's growth forecast by OECD, and uncertainty surrounding the U.S. Government's tariff moves weigh on sentiment. The OECD has also downgraded its global growth forecast.
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3h 4min atrás
Euro Area Jobless Rate Eases To 6.2% As Expected
Eurozone unemployment rate fell for the first time in four months in April, in line with expectations, preliminary data from the statistical office Eurostat showed on Tuesday.
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3h 25min atrás
CAC 40 Down Marginally In Lackluster Trade
French stocks are down on Tuesday, extending recent losses, as a downgrade revision in global growth forecast by the Organization for Economic Co-operation and Development (OECD), and continued uncertainty about Trump administration's tariff moves weigh on sentiment.
RTTNews
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3h 40min atrás
German Stocks Up Marginally After Mild Setback
The German market, which retreated after a positive start Tuesday morning, recovered some lost ground subsequently, but remains a bit subdued, amid concerns about global economic growth due to Trump administration's uncertain trade policies.
A downward revision in global growth forecast by OECD, and news about the collapse of the Deutsche Government are weighing on sentiment.
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4h 3min atrás
Sensex, Nifty Extend Declines For Third Day
Indian shares fell sharply on Tuesday, extending losses for a third straight session due to heightened geopolitical and trade tensions.
RTTNews
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4h 24min atrás
