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European Economics Preview: Germany Unemployment Data Due

RTTNews | il y a 1132

European Economics Preview: Germany Unemployment Data Due

(RTTNews) - Unemployment and retail sales from Germany and quarterly national accounts and house prices from the UK are due on Thursday, headlining a hectic day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases revised UK GDP data for the first quarter. The statistical office is expected to confirm 0.8 percent sequential growth.

Also, UK Nationwide house price data is due for June. House price inflation is expected to ease to 10.8 percent from 11.2 percent in May. In the meantime, Destatis is slated to issue Germany's retail sales, labor market statistics and foreign trade prices. Economists forecast sales to grow 0.5 percent on month in May, reversing a 5.4 percent drop in April.

At 2.45 am ET, the French statistical office Insee publishes flash consumer prices, producer prices and consumer spending figures. Consumer price inflation is expected to rise to 5.7 percent in June from 5.2 percent in May.

At 3.30 am ET, Sweden's central bank announces its monetary policy decision. The bank is expected to raise its key rate to 0.75 percent from 0.25 percent. At 3.55 am ET, Germany's unemployment data is due. The jobless rate is seen unchanged at 5.0 percent in June.

At 4.00 am ET, Italy's Istat is scheduled to publish unemployment data. Economists forecast the unemployment rate to remain unchanged at 8.4 percent. At 5.00 am ET, Eurostat releases euro area unemployment data for May. The jobless rate is seen at 6.8 percent, unchanged from April.

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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | il y a 50 minutes

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | il y a 1h 54min

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | il y a 1h 57min

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | il y a 2h 8min

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | il y a 2h 37min

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | il y a 2h 48min

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | il y a 3h 8min

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.

RTTNews | il y a 3h 41min

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