European Economic News Preview: Germany Revised GDP Data Due

RTTNews | hace 798
European Economic News Preview: Germany Revised GDP Data Due

(RTTNews) - Revised quarterly national accounts from Germany and business confidence from France are the only major economic reports due on Thursday.

At 2.00 am ET, Destatis is scheduled to issue Germany's revised GDP data for the first quarter. The initial estimate showed that the largest euro area economy stagnated after shrinking 0.5 percent in the fourth quarter.

In the meantime, the market research group Gfk is scheduled to issue Germany's consumer sentiment survey results. The forward-looking consumer confidence index is forecast to rise to -24.0 in June from -25.7 in May.

Also, unemployment and loan growth figures are due from Norway. At 2.45 am ET, France's statistical office INSEE publishes business sentiment survey data. The business confidence index is expected to remain unchanged at 101 in May.

At 3.00 am ET, Spain's statistical office INE releases producer prices for April.

At 6.00 am ET, the Confederation of British Industry is scheduled to release Distributive Trades survey results for May. The UK retail sales balance is forecast to rise to 10 percent from 5 percent in April.

read more
U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
RTTNews | hace 15 minutos
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | hace 57 minutos
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | hace 1h 5min
Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
RTTNews | hace 1h 52min
Eurozone Jobless Rate Unchanged At 6.2%

Eurozone Jobless Rate Unchanged At 6.2%

The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
RTTNews | hace 2h 42min