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European Economic News Preview: UK Public Sector Finance Data Due
(RTTNews) - Public sector finance data from the UK and new car registrations from Europe are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data. The public sector net borrowing is seen at GBP 17.4 billion in September compared to GBP 13.7 billion in August.
In the meantime, the European Automobile Manufacturers' Association is scheduled to issue Europe new car registrations data for September.
At 4.00 am ET, retail sales data is due from Poland. At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is expected to hold the benchmark rate at 6.5 percent.
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Sweden Cuts Policy Rate By 25 Bps
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FTSE 100 Flat; Kingfisher Soars On Higher Guidance
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Eurozone Private Sector Logs Strongest Growth In 16 Months
The euro area private sector expanded the most in 16 months in September driven by the acceleration in services activity growth, flash survey results published by S&P Global revealed on Tuesday. At 51.2, the HCOB composite output index climbed slightly from August's 51.0 and was above forecast of 51.1. The index posted above the 50.0 no-change mark for the ninth straight month in September.
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CAC 40 Up 0.6%; STMicroElectronics Rises Sharply
Despite data showing a contraction in France's private sector activity in the month of September, French stocks are up firmly in positive territory Tuesday afternoon with data showing an acceleration in Eurozone private sector growth, and NVIDIA's plans to invest $100 billion in OpenAI aiding sentiment.
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