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European Economic News Preview: UK GDP Data Due
(RTTNews) - GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is forecast to grow 0.2 percent on month in August, in contrast to the 0.5 percent decrease in July.
At 4.30 am ET, the Bank of England publishes Credit Conditions survey results.
At 6.00 am ET, consumer price figures are due from Ireland and Portugal.
At 7.30 am ET, the European Central Bank releases the account of the monetary policy meeting of the Governing Council held on September 13 and 14.
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FTSE 100 Recovers From Early Weakness, Up Nearly 0.3%
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CAC 40 Flat In Lackluster Trade
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The British pound strengthened against other major currencies in the European session on Wednesday, as the UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing.
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Sensex, Nifty Extend Gains For Fifth Day
Indian shares eked out modest gains on Wednesday, with underlying sentiment supported by the unexpected announcements relating to GST reforms and the recent progress in India-China ties.
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DAX Drifts Lower In Cautious Trade
The German market is notably lower on Wednesday, weighed down by losses in the defense stocks, amid rising optimism about a potential Russia-Ukraine peace deal.
The focus is on the Federal Reserve's annual symposium in Jackson Hole, that gets underway on Thursday.
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