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European Economic News Preview: UK GDP Data Due

RTTNews | hace 168

European Economic News Preview: UK GDP Data Due

(RTTNews) - Monthly GDP estimate, industrial production and foreign trade figures from the UK are due on Friday, headlining a busy day for the European economic news.

At 3.00 AM ET, the Office for National Statistics releases UK GDP, industrial output and external trade data. The economy is forecast to grow 0.1 percent on a monthly basis in January, following a 0.4 percent gain in December.

In the meantime, consumer and harmonized prices are due from Germany. The flash estimate showed that consumer price inflation held steady at 2.3 percent in February. At 3.45 am ET, France's statistical office INSEE is scheduled to release final inflation data for February. The statistical office is expected to confirm that CPI inflation softened to 0.8 percent from 1.7 percent in January.

At 4.00 am ET, Spain's INE releases final consumer price data. The inflation rate is seen at 3.0 percent in February, up from 2.9 percent in January.

At 4.30 am ET, the Bank of England publishes inflation expectations survey data.

At 5.00 am ET, Italy's industrial production figures are due. Economists expect industrial output to advance 1.5 percent month-on-month in January, in contrast to the 3.1 percent decrease in December.

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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | hace 1h 13min

Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | hace 1h 31min

U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | hace 2h 15min

German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | hace 2h 44min

U.S. PCE Price Index Increased In Line With Estimates In July

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | hace 2h 57min

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | hace 3h 13min

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | hace 3h 51min

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | hace 3h 58min

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