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European Economic News Preview: UK Retail Sales Data Due
(RTTNews) - Retail sales from the UK and final inflation from the euro area are the top economic news due on Friday.
At 2.00 am ET, the Office for National Statistics is set to issue UK retail sales for July. Sales are forecast to fall 0.5 percent on month, in contrast to the 0.7 percent rise in June.
In the meantime, Statistics Norway publishes GDP data for the second quarter. The Mainland Norway had grown 0.2 percent in the first quarter.
Half an hour later, Swiss industrial production figures are due.
At 3.00 am ET, final inflation data is due from Austria.
At 5.00 am ET, Eurostat is scheduled to release euro area final inflation figures for July. Inflation is forecast to slow to 5.3 percent, as initially estimated, from 5.5 percent in June.
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Mild Upside Seen For Japan Stock Market
The Japan stock market bounced higher again on Thursday, one day after ending the three-day winning streak in which it had collected almost 750 points or 2 percent. The Nikkei 225 now sits just above the 38,430-point plateau and it may open to the upside again on Friday.
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Před 12 minutami
South Korea Industrial Output Slumps 0.8% In April
Industrial production in South Korea was down a seasonally adjusted 0.8 percent on month in April, Statistics Korea said on Friday. That missed expectations for an increase of 0.5 percent following the 2.9 percent jump in March.
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Před 14 minutami
South Korea Stock Market Tipped To Open In The Green
The South Korea stock market has moved higher in two straight sessions, improving more than 80 points or 3.1 percent along the way. The KOSPI now rests just above the 2,720-point plateau and it may tick higher again on Friday.
RTTNews
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Před 27 minutami
New Zealand Building Consents Slump 15.6% In April
The total number of building permits issued in New Zealand was down a seasonally adjusted 15.6 percent on month in April, Statistics New Zealand said on Friday - following the 10.7 percent increase in March.
In April, there were 2,418 new dwellings consented, comprising: 1,148 stand-alone houses; 1,105 townhouses, flats, and units; 85 retirement village units; and 80 apartments.
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Před 40 minutami
Japan Data On Tap For Friday
Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are April numbers for unemployment, industrial production retail sales, construction orders and housing starts, plus May figures for Tokyo inflation.
RTTNews
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Před 1 h 27 min
U.S. Dollar Falls After Tariff Ruling
The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as a federal court ruled against Trump's tariffs, dealing a blow to a key part of his economic agenda.
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Před 4 h 33 min
U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1
A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.
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Před 9 h 15 min
U.S. Weekly Jobless Claims Climb More Than Expected To 240,000
First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.
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Před 9 h 18 min
