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European Economic News Preview: Germany GDP, Business Confidence Data Due

RTTNews | Před 566 dny

European Economic News Preview: Germany GDP, Business Confidence Data Due

(RTTNews) - Quarterly national accounts and business sentiment survey results from Germany are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's detailed GDP data for the third quarter. The initial estimate showed that the largest euro area economy contracted 0.1 percent sequentially, offsetting the 0.1 percent rise a quarter ago.

In the meantime, Statistics Sweden is set to release producer prices for October. At 3.00 am ET, Spain's statistical office INE releases producer price data for October. Prices had declined 8.6 percent annually in September.

At 4.00 am ET, Germany's ifo business confidence survey results for November are due. The business climate index is expected to rise to 87.5 from 86.9 in the previous month.

At 5.00 am ET, European Central Bank President Christine Lagarde is set to speak at an event organized by the Deutsche Bundesbank in Frankfurt, Germany.

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DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

German stocks are notably lower on Thursday, weighed down by trade tensions and escalating tensions in the Middle East. Amid a lack of specifics in the much talked about framework agreement, it is feared that the U.S.-China trade tensions may not subside any significantly for now.

RTTNews | Před 16 minutami

UK Economy Contracts Most Since 2023

UK Economy Contracts Most Since 2023

The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.

RTTNews | Před 46 minutami

European Shares Edge Lower As Trade Optimism Fades

European Shares Edge Lower As Trade Optimism Fades

European stocks traded lower on Thursday, with U.S.-China trade tensions and escalating tensions in the Middle East keeping investors worried.

RTTNews | Před 1 h 19 min

Asian Shares Mixed As Investors Await Details On Sino-US Trade Deal

Asian Shares Mixed As Investors Await Details On Sino-US Trade Deal

Asian stocks turned in a mixed performance on Thursday as a new U.S.-China trade deal provided few concrete details.

RTTNews | Před 1 h 46 min

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...

RTTNews | Před 2 h 4 min

Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.

RTTNews | Před 2 h 17 min

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.

RTTNews | Před 2 h 30 min

Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises

Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Thursday, as rising geopolitical tensions in the Middle East weighed on market sentiment.

RTTNews | Před 2 h 44 min

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