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European Economic News Preview: Italy Consumer Sentiment Data Due
(RTTNews) - Consumer and business sentiment survey data from Italy is due on Tuesday, headlining a very light day for the European economic news.
At 1.00 am ET, consumer confidence and business sentiment survey results are due from Finland.
At 2.00 am ET, Statistics Sweden is scheduled to issue producer prices and foreign trade figures. Producer price inflation is seen falling 2.9 percent on a yearly basis in May, reversing a 1.3 percent gain in April.
At 4.00 am ET, Italy's Istat publishes business and consumer sentiment survey results. The business confidence index is forecast to fall to 101.0 in June from 101.4 in May. The consumer sentiment index is seen at 105.5 versus 105.1 in the previous month.
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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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hace 2h 13min
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.
RTTNews
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hace 2h 15min
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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hace 2h 19min
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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hace 3h 5min
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.
RTTNews
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hace 3h 11min
U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April
The Labor Department released a report on Friday unexpectedly showing modest increases by U.S. import and export prices in the month of April.
RTTNews
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hace 3h 51min
EU Seeks Public Feedback On Microsoft's Proposed Changes To Teams In Antitrust Probe
The European Commission has invited public response regarding Microsoft Corp.'s offers to address competition concerns related to Teams. In a statement, the EU agency noted that the tech major has offered commitments, among others, to sell its Office product without communication and collaboration product Teams at a lower price than Office with Teams.
RTTNews
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hace 3h 54min
Bay Street Likely To Extend Gains
Canadian shares are likely to extend recent gains as the mood is likely to remain positive Friday morning amid easing tensions about tariffs.
RTTNews
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hace 3h 56min
