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European Economic News Preview: Eurozone Current Account Data Due
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(RTTNews) - The current account data from the euro area is due on Tuesday, headlining a light day for the European economic news.
At 1.00 am ET, Statistics Finland publishes unemployment data for January.
At 2.00 am ET, foreign trade data is due from Switzerland. Also, quarterly national accounts from Denmark and capacity utilization from Sweden are due.
At 4.00 am ET, the European Central Bank publishes the euro area current account figures for December. The current account surplus totaled EUR 31.7 billion in November. In the meantime, industrial production, producer prices, corporate sector wages are due from Poland.
At 5.00 am ET, Eurostat publishes euro area construction output figures for December.
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U.S. Durable Goods Orders Tumble Less Than Expected In July
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FTSE 100 Modestly Lower
After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.
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CAC Down Sharply On Widespread Selling
French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.
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German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.
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Sensex, Nifty Tumble On Tariff Worries
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French Consumer Sentiment Weakest Since 2023
France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
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European Shares Decline Amid French Uncertainty
European shares traded lower on Tuesday, with Fed independence fears and French political risks keeping investors on edge.
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