European Economic News Preview: Eurozone Flash Inflation Data Due

RTTNews | hace 7h 44min
European Economic News Preview: Eurozone Flash Inflation Data Due

(RTTNews) - Flash inflation and final manufacturing purchasing managers' survey results from the euro area are the top economic news due on Wednesday.

At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to rise 1.8 percent on a yearly basis in September after climbing 2.1 percent in August. At 3.15 am ET, Spain's manufacturing PMI survey results are due. The index is seen at 53.8 in September, down from 54.3 in August.

At 3.45 am ET, S&P Global publishes Italy's factory PMI report. Economists forecast the index to fall to 49.9 in September from 50.4 in August.

At 3.50 am ET, final manufacturing PMI survey data is due from France. The initial estimate showed that the factory PMI declined to 48.1 in September from 50.4 in August.

At 3.55 am ET, S&P Global releases Germany's manufacturing PMI data. The final factory PMI is seen at 48.5 in September, unchanged from the flash estimate, and down from 49.8 in August.

At 4.00 am ET, Eurozone final manufacturing PMI data is due. Economists forecast the index to fall to 49.5 in September, as initially estimated, from 50.7 in August.

At 5.00 am ET, Eurostat is scheduled to issue euro area flash inflation data. Consumer price inflation is forecast to rise to 2.2 percent from 2.0 percent in August.

read more
Bay Street May Open With Slightly Negative Bias

Bay Street May Open With Slightly Negative Bias

Canadian shares may open with a negative bias on Wednesday as the crucial U.S. jobs data due this week is likely to be delayed due to a partial U.S. government shutdown. Higher metal prices could trigger some strong buying in the materials sector and help limit market's downside.
RTTNews | hace 55 minutos
Eurozone Inflation Accelerates In September

Eurozone Inflation Accelerates In September

Eurozone inflation accelerated in September as the decline in energy prices slowed amid rising services inflation, reinforcing the expectations that interest rates are set to remain unchanged in the near term. Inflation rose to 2.2 percent in September, in line with forecast, from 2.0 percent in August, flash estimate from Eurostat showed on Wednesday. A similar higher rate was last seen in April
RTTNews | hace 1h 8min
FTSE 100 Notably Higher; Pharma Stocks Among Top Gainers

FTSE 100 Notably Higher; Pharma Stocks Among Top Gainers

U.K. stocks are up firmly in positive territory about an hour past noon on Wednesday, with pharma stocks figuring prominently in the list of gainers following Pfizer reaching a deal with the U.S. government to lower prescription drug prices in exchange for tariff relief.
RTTNews | hace 1h 42min
DAX Up Nearly 0.5% As Stocks Recover After Weak Start

DAX Up Nearly 0.5% As Stocks Recover After Weak Start

After a weak start and a subsequent drop to lower levels, the German market recovered and moved into positive territory Wednesday morning, amid some relief over tariffs after the U.S. enabled patients to access discounted prescription drugs through a new federal platform.
RTTNews | hace 2h 56min
Eurozone Manufacturing Activity Slips Back Into Contraction

Eurozone Manufacturing Activity Slips Back Into Contraction

Eurozone manufacturing activity worsened in September reflecting a reduction in new orders and a sharper fall in job shedding, final purchasing managers' survey data compiled by S&P Global showed Wednesday. The HCOB manufacturing purchasing managers' index fell to 49.8 in September from 50.7 in August. The reading was above the flash estimate of 49.5.
RTTNews | hace 3h 2min