European Economic News Preview: Eurozone Flash Inflation, Unemployment Data Due

RTTNews | hace 916
European Economic News Preview: Eurozone Flash Inflation, Unemployment Data Due

(RTTNews) - Flash inflation and unemployment data from the euro area and the minutes of the governing council from the European Central Bank are due on Thursday.

At 3.00 am ET, Spain unemployment data is due. The number of unemployed is forecast to increase by 11,500 in February.

In the meantime, flash inflation figures are due from Austria.

At 4.00 am ET, Italy's statistical office Istat publishes unemployment data for January. The jobless rate is seen unchanged at 7.8 percent.

At 5.00 am ET, Eurostat releases euro area flash inflation and unemployment data. The annual inflation rate is forecast to ease to 8.2 percent in February from 8.6 percent in January. At the same time, the unemployment rate is forecast to remain at 6.6 percent in January.

At 7.30 am ET, the European Central Bank is scheduled to issue the account of the monetary policy meeting of the Governing Council held on February 1 and 2.

read more
European Shares Edge Higher After PMI Data

European Shares Edge Higher After PMI Data

European stocks traded higher on Wednesday as a selloff in longer-dated bonds appeared to stabilize, and a survey showed the euro zone economy continued its slow expansion in August despite a weakening in services sector growth.
RTTNews | hace 1h 24min
Australia GDP Growth Accelerates In Q2

Australia GDP Growth Accelerates In Q2

The Australian economy expanded at a faster pace in the second quarter after severe weather events damped activity in the preceding quarter, data from the Australian Bureau of Statistics revealed on Wednesday. Gross domestic product growth doubled to 0.6 percent in the June quarter from 0.3 percent in the March period. The rate also exceeded economists' forecast of 0.5 percent.
RTTNews | hace 3h 44min
China Service Sector Growth Improves In August

China Service Sector Growth Improves In August

China's service sector growth accelerated in August driven by the strong upturn in new orders, survey data from S&P Global showed on Wednesday. The headline RatingDog services Purchasing Managers' Index rose unexpectedly to 53.0 in August from 52.6 in July. Economists expect the indicator to fall to 52.4. The rate of increase was the fastest seen since May 2024.
RTTNews | hace 3h 53min
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite purchasing managers' survey results from the euro area and the UK are due on Wednesday, headlining a light day for the European economic news. At 3.15 am ET, S&P Global publishes Spain's composite and services PMI survey data. The services PMI is expected to fall to 54.4 in August from 55.1 in the previous month.
RTTNews | hace 4h 22min
European Shares Seen Up In Cautious Trade

European Shares Seen Up In Cautious Trade

European stocks are seen opening slightly higher on Wednesday as bond yields stabilized after a spike overnight and a federal judge ruled against breaking up Google, fueling optimism that tech giants will be able to weather regulatory threats.
RTTNews | hace 5h 0min