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European Economic News Preview: Germany Inflation Data Due
(RTTNews) - Consumer prices data from Germany is the top economic news due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis releases Germany's provisional consumer prices data for January. Economists expect consumer price inflation to rise to 8.9 percent in January from 8.6 percent in December.
In the meantime, foreign trade figures are due from Romania.
At 3.30 am ET, Sweden's central bank announces its interest rate decision. The bank is widely expected to raise its key rate by 50 basis points to 3.00 percent.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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Před 15 minutami
DAX Up 0.32% Despite Coming Off Day's High
The German market is up firmly in positive territory on Thursday, extending gains from the previous session, amid expectations the Federal Reserve will announce an interest rate cut after its monetary policy meeting next week.
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Před 31 minutami
Eurozone Retail Sales Fall More Than Forecast
Eurozone retail sales declined more than expected in July largely reflecting a notable fall in food and auto fuel sales, official data showed Thursday. Retail sales posted a monthly fall of 0.5 percent, in contrast to the 0.6 percent increase in June, Eurostat reported. Sales were expected to fall 0.3 percent.
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Před 49 minutami
UK Construction Sector Continues To Shrink
The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
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Před 1 h 9 min
European Shares Mostly Higher Before Debt Sales
European stocks were mostly higher on Thursday as bond market worries subsided, and investors awaited Eurozone retail sales data as well as debt auctions in France and the United Kingdom for direction.
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Před 1 h 37 min
Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend
Asian stocks rose broadly on Thursday, even as Chinese and Hong Kong markets ended sharply lower following reports that China's financial regulators are considering a number of cooling measures for the stock market, including lifting certain short selling restrictions, increasing checks on speculative trades, and discouraging heavy retail participation.
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Před 1 h 57 min
German Construction Sector Downturn Deepens
Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
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Před 2 h 21 min
Australia Trade Surplus At 17-Month High; Household Spending Growth Rises
Australia's trade surplus surged to the highest level in more than a year in July and household spending growth accelerated for the third straight month in July, official data showed on Thursday. The trade surplus increased unexpectedly to A$7.3 billion in July from A$5.4 billion in June, the Australian Bureau of Statistics said.
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Před 3 h 20 min
