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European Economics Preview: Eurozone Money Supply Data Due
(RTTNews) - Money supply data from the euro area is due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Sweden publishes foreign trade, producer prices and household lending data.
At 4.00 am ET, the European Central Bank is set to publish private sector credit data for August. M3 money supply is expected to grow 5.4 percent annually after rising 5.5 percent in July.
At 7.30 am ET, ECB Chief Christine Lagarde is set to speak at an online conference organized by the Banque de France in Paris.
At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is forecast to lift the key interest rate by 100 basis points to 12.75 percent.
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DAX Modestly Higher As Investors Focus On Earnings
The German market is up in positive territory on Thursday, extending gains from the previous session, with investors continuing to focus on earnings and economic data, and hoping for an interest rate cut by the Federal Reserve next month. Focus is also on the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin.
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European shares edged up to hit a two-week high on Thursday as investors assessed a slew of earnings and U.K. GDP data.
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Asian stocks ended mostly lower on Thursday as investors digested weak China bank lending data and awaited crucial U.S.-Russia talks on Ukraine.
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Australian Dollar Advances On Robust Employment Data
The Australian dollar strengthened against some major counterparts in the Asian session on Thursday, after data showed that the Australia's unemployment rate dropped in July and employment increased sharply, suggesting that the labor market conditions remain strong.
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Yen Rises Amid BoJ Rate Hike Expectation
The Japanese yen strengthened against other major currencies in the Asian session on Thursday, as the Bank of Japan (BoJ) raised its inflation outlook in July and kept the door open for an imminent interest rate hike by the end of current year.
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2h 53min atrás
