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European Economic News Preview: German Final Inflation Data Due
(RTTNews) - Final inflation from Germany and Spain are due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer prices for April. Consumer price inflation is seen easing to 2.1 percent from 2.2 percent in March.
In the meantime, final consumer prices from Sweden and industrial production from Romania are due.
At 2.30 am ET, the Hungarian Central Statistical Office publishes final industrial production data.
At 3.00 am ET, Spain's INE publishes final consumer and harmonized prices for April. The flash estimate showed that consumer price inflation softened to 2.2 percent from 2.3 percent in March.
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Korea Rate Decision On Tap For Thursday
The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a lit day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate steady at 2.50 percent.
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Saying Goodbye To The Penny To Cost U.S. Consumers $6 Mln In 'Rounding Tax'
Phasing out the penny is set to involve some cost to U.S. consumers paying in cash as businesses are set to round transactions to the nearest nickel, new research from the Federal Reserve Bank of Richmond revealed on Wednesday.
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U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA
Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent, the MBA said.
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Swiss Franc Rises Against Most Majors
The Swiss franc rallied against its most major counterparts in the New York session on Wednesday.
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Fed Minutes Reveal Mixed Views About Outlook For Interest Rates
The Federal Reserve on Wednesday released the minutes of its June monetary policy meeting, which revealed most participants generally agree the central bank is well positioned to wait for more clarity on the outlook for inflation and the economy before adjusting interest rates.
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U.S. Wholesale Inventories Dip In Line With Estimates In May
A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May. The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.
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Bay Street May Open On Positive Note
Slightly higher Canadian and U.S. futures point to a marginally positive start for Canadian shares on Wednesday.
The focus will be on trade deal negotiations.
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9घंटे 20 मिनट पहले
Yen Falls As Traders Speculate BoJ Rate Hike Pause
The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.
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