European Economic News Preview: Eurozone Flash GDP, Inflation Data Due

RTTNews | 840 दिनों पहले
European Economic News Preview: Eurozone Flash GDP, Inflation Data Due

(RTTNews) - Flash inflation and quarterly national accounts from the euro area and mortgage approvals from the UK are due on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, Germany's statistical office Destatis is scheduled to issue retail sales and import prices for June. Economists forecast retail sales to fall 2.7 percent annually after a 3.6 percent drop in May.

At 3.00 am ET, consumer prices from Austria and GDP data from the Czech Republic are due. The Czech economy is forecast to grow 0.2 percent sequentially in the second quarter after staying flat in the first quarter.

At 4.00 am ET, Italy's statistical office ISTAT releases flash GDP data for the second quarter. Economists expect GDP to remain flat after expanding 0.6 percent in the first quarter.

Half an hour later, the Bank of England publishes UK mortgage approvals for June. The number of mortgage approvals is seen at 49,000 in June, down from 50,524 in May. At 5.00 am ET, Eurostat publishes euro area flash GDP and inflation data. The currency bloc is expected to grow 0.2 percent on quarter in the second quarter after staying flat a quarter ago. Inflation is forecast to slow to 5.3 percent in July from 5.5 percent in June.

In the meantime, flash inflation figures are due from Italy.

read more
Soft Start Expected For South Korea Shares

Soft Start Expected For South Korea Shares

The South Korea stock market bounced higher again on Monday, one session after ending the four-day winning streak in which it had surged almost 220 points or 5.5 percent. The KOSPI sits just beneath the 4,090-point plateau although it's expected to turn lower again on Tuesday.
RTTNews | 1घंटे 12 मिनट पहले
RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on November 4, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 1घंटे 42 मिनट पहले
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

After staying a bit positive early on in the session on Monday, the Switzerland market slipped and languished in negative territory till the end of the day's session as the mood remained cautious with investors looking for directional clues.
RTTNews | 5घंटे 14 मिनट पहले
European Stocks Close Lower After Cautious Session

European Stocks Close Lower After Cautious Session

European stocks closed weak on Monday as investors largely stayed cautious, looking for fresh data for directional clues. Worries about Artificial Intelligence bubble, and uncertainty about monetary policy moves by major central banks including the Federal Reserve weighed on stocks.
RTTNews | 5घंटे 48 मिनट पहले
Canadian Market Recovers After Early Setback

Canadian Market Recovers After Early Setback

After recovering from an early setback Monday morning that saw the benchmark S&P/TSX drop by more than 130 points, Canadian stocks recovered lost ground and are turning in a mixed performance with investors digesting the nation's inflation data, and looking ahead to fresh economic reports from the U.S. for directional clues.
RTTNews | 6घंटे 47 मिनट पहले
EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges

EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges

The European Commission said the euro area economy is set to grow more than projected in spring this year driven by a surge in exports ahead of anticipated tariff increases and higher investment in equipment and intangible assets. In the Autumn Forecast released on Monday, the EU raised its economic growth outlook for the current year to 1.3 percent from 0.9 percent.
RTTNews | 11घंटे 13 मिनट पहले