European Economic News Preview: UK Public Sector Finance Data Due

RTTNews | il y a 551
European Economic News Preview: UK Public Sector Finance Data Due

(RTTNews) - Public sector finances data from the UK is the only major economic data due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK public sector finance for January. The budget deficit is forecast to widen to GBP 18.4 billion from GBP 6.85 billion in December.

At 3.00 am ET, Switzerland's M3 money supply data is due.

At 5.00 am ET, Bundesbank President Joachim Nagel attends the Cabinet meeting on the Annual Economic Report.

At 5.25 am ET, European Central Bank board member Edouard Fernandez-Bollo speaks at an event organized in association with the Belgian Presidency of the Council of the EU in Ghent, Belgium.

At 6.00 am ET, the Confederation British Industry publishes Industrial Trends Survey results. The balance is forecast to improve to -27 percent in February from -30 percent in January.

read more
Asian Shares Rise As Powell Signals Rate Cuts

Asian Shares Rise As Powell Signals Rate Cuts

Asian stocks rose broadly on Monday as Federal Reserve Chair Jerome Powell's dovish signals at the Jackson Hole symposium opened the door to an interest rate cut next month.
RTTNews | il y a 16 minutes
Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
RTTNews | il y a 5h 25min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | il y a 5h 41min