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European Economic News Preview: UK GDP Data Due
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(RTTNews) - GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is forecast to grow 0.2 percent on month in August, in contrast to the 0.5 percent decrease in July.
At 4.30 am ET, the Bank of England publishes Credit Conditions survey results.
At 6.00 am ET, consumer price figures are due from Ireland and Portugal.
At 7.30 am ET, the European Central Bank releases the account of the monetary policy meeting of the Governing Council held on September 13 and 14.
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Canadian Market Modestly Lower In Cautious Trade
After moving modestly higher in early trades, the Canadian market gave up gains as investors digested the nation's inflation data, and closely followed the developments on Russia-Ukraine peace talks front.
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Swiss Market Ends On Strong Note
After a somewhat subdued start, the Switzerland market gained in strength as the session progressed on Tuesday, to eventually closed on a bright note.
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European Stocks Close Higher On Russia-Ukraine Peace Deal Hopes
European stocks closed higher on Tuesday as the mood remained positive amid optimism over a potential Russia-Ukraine peace deal, after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good".
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U.S. Housing Starts Unexpectedly Surge In July But Building Permits Slump
A report released by the Commerce Department on Tuesday unexpectedly showed a sharp increase by new residential construction in the U.S. in the month of July. The Commerce Department said housing starts shot up by 5.2 percent to an annual rate of 1.428 million in July after spiking by 5.9 percent to an upwardly revised rate of 1.358 million in June.
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U.S. Housing Starts Unexpectedly Surge 5.2% In July
A report released by the Commerce Department on Tuesday unexpectedly showed a sharp increase by new residential construction in the U.S. in the month of July.
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Swiss Franc Rises Despite Russia-Ukraine Peace Deal Hopes
The safe-haven Swiss franc strengthened against other major currencies in the European session on Tuesday, despite expectations for a peace agreement between Russia and Ukraine.
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Bay Street May Open On A Slightly Positive Note
Canadian shares look headed for a slightly positive start on Tuesday, tracking steady European markets amid hopes of a Russia-Ukraine peace deal after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good."
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FTSE 100 Modestly Higher
The UK stock market is modestly higher a little past noon on Tuesday amid expectations of a Ukraine peace deal. Investors are also looking ahead to the Federal Reserve's economic symposium at Jackson Hole, Wyoming, that gets underway on Thursday.
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