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European Economic News Preview: UK Retail Sales Data Due
(RTTNews) - Retail sales from the UK and business confidence from France are due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK retail sales for March. Sales are forecast to fall 0.3 percent month-on-month, in contrast to the 1.0 percent increase in February.
Half an hour later, unemployment data is due from Hungary.
At 2.45 am ET, France's statistical office INSEE is scheduled to release business sentiment survey results. The confidence index is seen unchanged at 96 in April.
At 6.30 am ET, Russia's central bank announces its monetary policy decision. The bank is set to hold its benchmark rate at 21.00 percent.
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Pound Drops On Tariff Concerns
The pound fell against its major counterparts in the New York session on Monday, amid rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.
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2h 5min atrás
Swiss Market Ends Modestly Lower
The Switzerland market ended weak on Monday after languishing in negative territory almost right through the day's session as geopolitical tensions and tariff concerns weighed on sentiment.
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4h 9min atrás
Major European Markets Close Weak On Tariff Jitters, Geopolitical Concerns
European stocks closed weak on Monday as rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.
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4h 35min atrás
Energy, Materials Stocks Shine As TSX Rises 0.5%
The Canadian market is up in positive territory a little past noon on Monday, lifted by gains in energy, materials and communications sectors, even as the mood remains cautious amid concerns about Sino-US trade tensions, and the Trump administration's announcement that it would increase the tariffs on imports of steel and aluminum to 50% from 25%.
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5h 49min atrás
U.S. Construction Spending Unexpectedly Falls 0.4% In April
A report released by the Commerce Department on Monday unexpectedly showed a continued decrease by U.S. construction spending in the month of April. The Commerce Department said construction spending fell by 0.4 percent to an annual rate of $2.152 trillion in April after shrinking by 0.8 percent to a revised rate of $2.162 trillion in March.
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6h 15min atrás
U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May
A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
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6h 57min atrás
UK Manufacturing Sector Shrinks Sharply
The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
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8h 11min atrás
Eurozone Manufacturing Activity Contraction Slows
Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
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8h 27min atrás
