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European Economic News Preview: Germany Inflation Data Due
(RTTNews) - Final inflation from Germany is the only major economic report due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices for September. The flash estimate showed that consumer price inflation slowed to 4.5 percent, the slowest since February 2022, from 6.1 percent in August. The statistical office is expected to confirm the preliminary estimate.
At 3.00 am ET, Turkey's statistical office publishes retail sales data for August. Sales had increased 31.0 percent on a yearly basis in July.
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Fed Minutes Reveal Details Behind Split Interest Rate Decision
The minutes of the Federal Reserve's latest monetary policy meeting revealed most officials still see the upside risk to inflation as the bigger threat to the economic outlook, although a couple were more worried about the downside risk to employment.
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hace 2h 2min
TSX Modestly Higher As Materials, Energy Stocks Gain
The Canadian market is modestly higher Wednesday afternoon, lifted by strong gains in materials and energy sectors.
The mood remains a bit cautious ahead of the Federal Bank's symposium in Jackson Hole, Wyoming, where several central bank chiefs including Fed Chair Jerome Powell are set to make speeches.
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hace 2h 16min
Swiss Market Ends On Firm Note
After a weak start and a subsequent drop to lower levels, the Switzerland market recovered and stayed subdued till around mid morning on Wednesday, but kept edging higher as the day progressed to eventually ended the session on a firm note.
Optimism about a potential peace deal between Russia and Ukraine supported the market.
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hace 2h 43min
European Stocks Closed On Mixed Note
European stocks turned in a mixed performance on Wednesday after another cautious session, as investors looked ahead to the Federal Reserve's Jackson Hole Symposium that gets underway on Thursday, and continued to focus on the developments on the trade and geopolitical front.
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hace 2h 58min
Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit
Shares of Target Corp. were losing around 11 percent in the pre-market activity on the NYSE, after the retail major reported Wednesday lower profit and comparable sales in its second quarter. However, earnings per share and top line beat market estimates, and the firm maintained its fiscal 2025 outlook. Separately, Target announced the appointment of Michael Fiddelke, chief operating officer,
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hace 7h 29min
Indonesia Unexpectedly Cuts Interest Rate
Indonesia's central bank eased its monetary policy unexpectedly on Wednesday in order to bolster economic growth amid inflation remaining well within the target range. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to cut the BI rate by 25 basis points to 5.0 percent.
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hace 7h 55min
Bay Street Likely To Open On Subdued Note
Canadian shares look headed for a somewhat subdued start on Wednesday as investors, looking for further progress in geopolitical and trade talks, are likely to remain largely cautious with their moves. Energy and gold stocks may attract buyers thanks to higher oil and bullion prices.
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hace 8h 16min
FTSE 100 Recovers From Early Weakness, Up Nearly 0.3%
After opening slightly down and drifting further lower subsequently, the U.K. market has regained lost ground and is up in positive territory around noon on Wednesday.
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hace 9h 24min
