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European Economic News Preview: Eurozone Foreign Trade Data Due
(RTTNews) - Foreign trade from Eurozone and wholesale prices from Germany are the top economic news due on Monday.
At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for August. Economists forecast prices to rise 0.2 percent month-on-month, reversing a 0.1 percent fall in July.
At 2.30 am ET, producer price data is due from Switzerland. At 4.00 am ET, Italy's statistical office ISTAT publishes foreign trade data for July. The trade surplus is seen rising to EUR 5.5 billion from EUR 5.4 billion in June.
At 5.00 am ET, Eurostat is set to release euro area foreign trade data for July. Economists forecast the trade surplus to rise to EUR 11.7 billion from EUR 7.0 billion in June.
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Major European Markets Up In Positive Territory As Investors Eye Central Bank Meetings
After a cautious start, European markets are up in positive territory Monday afternoon with investors picking up stocks amid hopes of a rate cut by the Federal Reserve on Wednesday.
The Bank of England, which is scheduled to announce its monetary policy on Thursday, is widely expected to hold rates steady. The Bank of Japan's policy announcement is also due this week.
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vor 2Std 44 Minuten
New York Manufacturing Index Unexpectedly Turns Negative In September
A report released by the Federal Reserve Bank of New York on Monday showed a substantial downturn by New York manufacturing activity in the month of September. The New York Fed said its general business conditions index plunged to a negative 8.7 in September from a positive 11.9 in August, with a negative reading indicating contraction. Economists had expected the index to fall to a positive 5.0.
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vor 2Std 55 Minuten
Mixed Open Seen For Canadian Shares
Bay Street may open on a mixed note Monday morning, tracking commodity prices. With rate decisions from the Federal Reserve and the Bank of Canada due on Wednesday, the mood is likely to remain a bit cautious at times.
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vor 3Std 36 Minuten
New York Manufacturing Index Plunges Much More Than Expected In September
A report released by the Federal Reserve Bank of New York on Monday showed a substantial downturn by New York manufacturing activity in the month of September.
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vor 3Std 50 Minuten
UK Stocks Turning In Mixed Performance
The UK stock market's benchmark FTSE 100 is roughly flat about an hour past noon on Monday, with stocks turning in a mixed performance. Shares of mining companies are exhibiting weakness due to data showing a slowdown in China's industrial output in the month of August.
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vor 4Std 10 Minuten
Dollar Slips As Rate Cut Hopes Deepen
The U.S. Dollar declined during the week ended September 12 amidst renewed hopes of a rate cut by the Federal Reserve on September 17.
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vor 4Std 14 Minuten
Pound Rises: Traders Await BoE Monetary Policy Decision
The British pound strengthened against other major currencies in the European session on Monday, as investors await the Federal Reserve's (Fed) and the Bank of England's (BoE) monetary policy announcements on Wednesday and Thursday.
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vor 4Std 58 Minuten
CAC 40 Rises Sharply; Kering, Thales Among Strong Gainers
Despite Fitch Ratings lowering France's long-term credit rating, citing climbing debt and political instability, the French stock market is up in positive territory on Monday with investors looking ahead to the policy announcements from the Federal Reserve, the Bank of England and the Bank of Japan this week.
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vor 5Std 2 Minuten
