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European Economic News Preview: Italy Industrial Production Data Due
(RTTNews) - Industrial production from Italy is the only major data due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Norway publishes consumer and producer prices for August. Inflation is expected to ease marginally to 5.3 percent from 5.4 percent in July.
At 3.00 am ET, consumer price data is due from the Czech Republic. Economists forecast consumer price inflation to slow to 8.5 percent in August from 8.8 percent in July.
At 4.00 am ET, Italy's statistical office ISTAT is scheduled to issue industrial production figures for July. Output is expected to drop 0.3 percent on month, reversing a 0.5 percent rise in June.
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European Shares Extend Gains On Fed Rate Cut Hopes
European stocks traded higher on Wednesday as in-line U.S. inflation data cemented expectations of interest rate cuts by the Federal Reserve in September.
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hace 1h 17min
Yen Falls Amid BoJ Rate Hike Uncertainty, Risk-0n Mood
The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as the uncertainty about the likely time of the Bank of Japan's (BoJ) next interest rate hike and the increasing risk-on mood by the investors keeps the safe haven JPY declining.
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hace 1h 42min
Asian Shares Follow Wall Street Higher On Rate Cut Hopes
Asian stocks ended mostly higher on Wednesday as in-line U.S. inflation reading bolstered speculation the Federal Reserve will cut interest rates by 25 basis points in September, bringing forward its easing forecast amid fears of a weakening labor market.
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hace 1h 42min
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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hace 2h 10min
European Shares Seen Up On Fed Rate Cut Hopes
European stocks are seen opening higher on Wednesday as July U.S. CPI inflation data suggested little impact from President Trump's tariffs, reinforcing bets the Federal Reserve will cut interest rates to support a cooling labor market.
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hace 4h 46min
Sensex, Nifty Modestly Higher In Early Trade
Indian shares opened on a firm note Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years, bringing inflation below RBI's tolerance band and raising prospects of another interest rate cut.
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hace 5h 44min
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
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hace 6h 59min
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.
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hace 7h 10min
