European Economic News Preview: Eurozone Final Composite PMI Data Due

RTTNews | il y a 87
European Economic News Preview: Eurozone Final Composite PMI Data Due

(RTTNews) - Final composite Purchasing Managers' survey data from the euro area is the top economic news due on Tuesday.

At 2.45 am ET, France's statistical office INSEE publishes industrial production for March. Economists forecast output to grow at a slower pace of 0.4 percent month-on-month, following February's 0.7 percent increase.

At 3.15 am ET, Spain's services PMI survey results are due. The services PMI is seen at 53.9 in April compared to 54.7 in March.

At 3.45 am ET, S&P Global publishes Italy's services PMI data. Economists forecast the index to fall to 51.3 in April from 52.0 in the previous month.

Final PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone final PMI survey results are due. The final composite reading seen at 50.1 in April, unchanged from the flash estimate and down from 50.9 in March.

At 4.30 am ET, UK S&P Global final PMI data is due. The services index is forecast to drop to 48.9 in April, as initially estimated, and down from 52.5 in March.

At 5.00 am ET, Eurostat is slated to release euro area producer prices for March. Producer price inflation is seen easing to 2.0 percent from 3.0 percent in February.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | il y a 18 minutes
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | il y a 22 minutes
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | il y a 24 minutes
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | il y a 1h 10min
Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

Canadian shares are set to open on a negative note on Friday as U.S. President Donald Trump's announcement of fresh tariffs on Canada and several other countries has hurt investor sentiment across global markets.
RTTNews | il y a 2h 31min
FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment

FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment

U.K. stocks are down in negative territory on Friday, weighed down by trade concerns after U.S. President Donald Trump announced sweeping tariffs on several countries. The President's letters to 17 major pharma firms, urging them to cut prices, has triggered a sell-off in the pharmaceutical sector.
RTTNews | il y a 3h 40min