European Economic News Preview: Germany Revised GDP Data Due

RTTNews | il y a 803
European Economic News Preview: Germany Revised GDP Data Due

(RTTNews) - Revised quarterly national accounts from Germany and business confidence from France are the only major economic reports due on Thursday.

At 2.00 am ET, Destatis is scheduled to issue Germany's revised GDP data for the first quarter. The initial estimate showed that the largest euro area economy stagnated after shrinking 0.5 percent in the fourth quarter.

In the meantime, the market research group Gfk is scheduled to issue Germany's consumer sentiment survey results. The forward-looking consumer confidence index is forecast to rise to -24.0 in June from -25.7 in May.

Also, unemployment and loan growth figures are due from Norway. At 2.45 am ET, France's statistical office INSEE publishes business sentiment survey data. The business confidence index is expected to remain unchanged at 101 in May.

At 3.00 am ET, Spain's statistical office INE releases producer prices for April.

At 6.00 am ET, the Confederation of British Industry is scheduled to release Distributive Trades survey results for May. The UK retail sales balance is forecast to rise to 10 percent from 5 percent in April.

read more
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
RTTNews | il y a 1h 46min
Indonesia GDP Growth Fastest In 2 Years

Indonesia GDP Growth Fastest In 2 Years

Indonesia's economic growth accelerated the most in two years in the second quarter driven by household spending and investment, official data showed Tuesday. Gross domestic product expanded 5.12 percent year-on-year in the second quarter, following an annual growth of 4.87 percent seen in the first quarter. The latest expansion was the fastest since the second quarter of 2023.
RTTNews | il y a 3h 0min
China Services Growth Fastest Since May 2024

China Services Growth Fastest Since May 2024

China's services activity expanded at the fastest pace in more than a year in July on rising inflows of new business, purchasing managers' survey data from S&P Global showed on Tuesday. The headline general services business activity index rose to 52.6 in July from 50.6 in June. The index extended the current period of growth to just over two-and-a-half years. Moreover, the index suggested that t
RTTNews | il y a 4h 11min
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.
RTTNews | il y a 4h 36min
European Shares Set To Open On Firm Note

European Shares Set To Open On Firm Note

European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.
RTTNews | il y a 4h 40min
Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | il y a 5h 42min