European Economics Preview: EU Summer Economic Forecast Due

RTTNews | hace 1062
European Economics Preview: EU Summer Economic Forecast Due

(RTTNews) - The EU macroeconomic forecast is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for June. Wholesale prices had increased 22.9 percent annually in May.

In the meantime, Statistics Sweden is set to issue consumer prices for June. Inflation is forecast to rise to 8.3 percent from 7.3 percent in May.

At 2.30 am ET, producer price data is due from Switzerland.

At 3.00 am ET, the Turkish Statistical Institute publishes industrial production and retail sales data for May. Economists forecast output to grow 8.0 percent annually, slower than the 10.8 percent increase in April.

At 4.30 am ET, the Bank of England releases credit conditions survey results.

At 5.00 am ET, the European Commission is scheduled to issue Summer Economic Forecast.

read more
Pound Slides On Weak U.K. Employment Data

Pound Slides On Weak U.K. Employment Data

The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.
RTTNews | hace 51 minutos
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the early European session on Tuesday.
RTTNews | hace 1h 12min
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | hace 3h 4min
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and industrial production from Italy are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.6 percent in three months to April from 4.5 percent in the preceding period.
RTTNews | hace 4h 1min
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.
RTTNews | hace 4h 49min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
RTTNews | hace 5h 30min