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European Economic News Preview: Germany PPI Data Due
(RTTNews) - Producer price data from Germany is the only major statistical report due on Friday, headlining a very light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for April. Producer price inflation is seen easing to 4.0 percent from 7.5 percent in March.
At 4.00 am ET, Italy's statistical office ISTAT publishes construction output figures for March.
In the meantime, current account data is due from Bank of Greece.
At 6.00 am ET, consumer confidence data is due from Spain. The sentiment index is forecast to improve sharply to 78.9 in April from 67.4 in March.
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Indonesia Unexpectedly Cuts Interest Rate
Indonesia's central bank eased its monetary policy unexpectedly on Wednesday in order to bolster economic growth amid inflation remaining well within the target range. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to cut the BI rate by 25 basis points to 5.0 percent.
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Bay Street Likely To Open On Subdued Note
Canadian shares look headed for a somewhat subdued start on Wednesday as investors, looking for further progress in geopolitical and trade talks, are likely to remain largely cautious with their moves. Energy and gold stocks may attract buyers thanks to higher oil and bullion prices.
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FTSE 100 Recovers From Early Weakness, Up Nearly 0.3%
After opening slightly down and drifting further lower subsequently, the U.K. market has regained lost ground and is up in positive territory around noon on Wednesday.
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1घंटे 42 मिनट पहले
CAC 40 Flat In Lackluster Trade
French stocks are exhibiting some weakness on Wednesday, after seeing a big upmove in the previous session. The mood is cautious with investors looking ahead to the Federal Reserve's annual Jackson Hole Symposium.
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2घंटे 4 मिनट पहले
Pound Rises As UK Inflation Hits 18-Month High
The British pound strengthened against other major currencies in the European session on Wednesday, as the UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing.
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Sensex, Nifty Extend Gains For Fifth Day
Indian shares eked out modest gains on Wednesday, with underlying sentiment supported by the unexpected announcements relating to GST reforms and the recent progress in India-China ties.
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2घंटे 20 मिनट पहले
DAX Drifts Lower In Cautious Trade
The German market is notably lower on Wednesday, weighed down by losses in the defense stocks, amid rising optimism about a potential Russia-Ukraine peace deal.
The focus is on the Federal Reserve's annual symposium in Jackson Hole, that gets underway on Thursday.
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2घंटे 24 मिनट पहले
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Wednesday.
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2घंटे 45 मिनट पहले
