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European Economics Preview: Italy Retail Sales Data Due
(RTTNews) - Retail sales from Italy and industrial production from Spain are the top economic news due on Wednesday, headlining a very light day for the European economic news.
At 3.00 am ET, Spain's INE releases industrial production for November. Production had increased 2.5 percent annually in October.
In the meantime, the Czech Statistical Office is scheduled to issue consumer prices for December. Inflation is forecast to rise to 16.4 percent from 16.2 percent in November.
At 4.00 am ET, November retail sales data is due from Italy. Sales had decreased 0.4 percent on month in October.
At 6.00 am ET, Ireland's unemployment data is due for December.
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Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
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Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
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Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns
Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
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FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
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U.S. Dollar Rises Ahead Of Fed's Powell Speech
The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
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CAC 40 Up Slightly In Lackluster Trade
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Friday.
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DAX Up Marginally In Cautious Trade Ahead Of Powell's Speech At Jackson Hole
German stocks are up in positive territory on Friday, amid selective buying ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium later in the day.
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