European Economic News Preview: UK Inflation Data Due

RTTNews | hace 104
European Economic News Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland is set to publish CPI and final HICP figures for January. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for January. Consumer price inflation is forecast to rise to 2.8 percent from 2.5 percent in December. Economists forecast output prices to rise 0.2 percent month-on-month and input prices to gain 0.7 percent.

At 4.00 am ET, the European Central Bank is scheduled to issue euro area current account data for December. The current account surplus is forecast to rise to EUR 30.2 billion from EUR 27 billion in November.

read more
U.S. Job Openings Unexpectedly Increase In April

U.S. Job Openings Unexpectedly Increase In April

Job openings in the U.S. unexpectedly increased in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings climbed to 7.391 million in April from an upwardly revised 7.200 million in March.
RTTNews | hace 1h 46min
U.S. Factory Orders Pull Back Sharply In April

U.S. Factory Orders Pull Back Sharply In April

A report released by the Commerce Department on Tuesday showed a substantial pullback by new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders plunged by 3.7 percent in April after surging by a downwardly revised 3.4 percent in March.
RTTNews | hace 2h 8min
Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes

Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes

Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.
RTTNews | hace 3h 26min
FTSE 100 Up Marginally In Cautious Trade

FTSE 100 Up Marginally In Cautious Trade

After edging up a bit in early trades, the U.K. stock market drifted lower Tuesday morning, but edged up on selective buying and was up marginally nearly half an hour past noon. A downward revision in UK's growth forecast by OECD, and uncertainty surrounding the U.S. Government's tariff moves weigh on sentiment. The OECD has also downgraded its global growth forecast.
RTTNews | hace 5h 34min
Euro Area Jobless Rate Eases To 6.2% As Expected

Euro Area Jobless Rate Eases To 6.2% As Expected

Eurozone unemployment rate fell for the first time in four months in April, in line with expectations, preliminary data from the statistical office Eurostat showed on Tuesday.
RTTNews | hace 5h 55min
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are down on Tuesday, extending recent losses, as a downgrade revision in global growth forecast by the Organization for Economic Co-operation and Development (OECD), and continued uncertainty about Trump administration's tariff moves weigh on sentiment.
RTTNews | hace 6h 10min