European Economic News Preview: UK Unemployment Data Due

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European Economic News Preview: UK Unemployment Data Due

(RTTNews) - Unemployment data from the UK and France are the top economic news due on Tuesday, headlining a light day for the European economic news.

At 1.30 am ET, France's statistical office INSEE is scheduled to release unemployment data for the fourth quarter. Economists forecast the jobless rate to stay at 7.4 percent.

At 2.00 am ET, the Office for National Statistics releases UK unemployment data for December. The jobless rate is seen at 4.0 percent in the fourth quarter compared to 4.2 percent in three months to November.

Half an hour later, consumer prices from Switzerland and final industrial output from Hungary are due. Swiss inflation is expected to remain unchanged at 1.7 percent in January.

At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic sentiment index is forecast to rise to 17.5 percent in February from 15.2 percent in January.

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U.S. Producer Price Growth Far Exceeds Estimates In July

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.
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U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
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UK GDP Rises More Than Expected

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
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Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
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S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
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Pound Rises On Upbeat U.K. GDP Data

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The British pound strengthened against most major currencies in the European session on Thursday, as the U.K. economy rebounded at a faster-than-expected pace in June.
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