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European Economic News Preview: Eurozone Industrial Output Data Due
(RTTNews) - Industrial production from the euro area and unemployment from Italy are the top economic news due on Wednesday.
At 3.30 am ET, producer prices figures from Switzerland are due. Economists forecast prices to grow 0.2 percent on a monthly basis in February after a 0.1 percent gain in January.
At 5.00 am ET, Italy's statistical office ISTAT publishes quarterly unemployment data. The jobless rate is forecast to rise to 6.2 percent in the fourth quarter from 6.1 percent in the preceding period.
At 6.00 am ET, Eurostat is slated to release euro area industrial production figures. Industrial output is expected to grow 0.5 percent month-on-month in January, in contrast to the 1.1 percent decrease in December.
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Swiss Market Ends On Firm Note On Upbeat Industrial Production Data
After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note.
Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.
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vor 1Std 10 Minuten
European Stocks Close Week On Positive Note
European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
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vor 1Std 33 Minuten
Canadian Market Recovers After Weak Start; TSX Up Marginally
Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.
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vor 2Std 21 Minuten
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May
Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
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vor 4Std 27 Minuten
U.S. Import, Export Prices Unexpectedly Inch Higher In April
The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
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vor 4Std 30 Minuten
U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply
While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.
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vor 4Std 34 Minuten
Eurozone Trade Surplus Surges On Exports To US
The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
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vor 5Std 20 Minuten
Richemont Shares Gain On Higher FY25 Results, Dividend Hike
Shares of Richemont SA were gaining around 6 percent in the Swiss trading after the Cartier owner reported higher net profit and sales in its fiscal 2025 on strong Jewellery performance. Meanwhile, earnings from continuing operations was lower than last year amid weak China results. Further, the luxury goods firm declared higher dividend.
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vor 5Std 26 Minuten
