European Economics Preview: Eurozone Foreign Trade Data Due

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European Economics Preview: Eurozone Foreign Trade Data Due

(RTTNews) - Foreign trade data from the euro area is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers' Association is slated to issue Europe new car registrations data for June. Sales had declined 11.2 percent annually in May.

At 4.00 am ET, Italy's Istat releases final consumer and harmonized prices for June. Consumer price inflation is forecast to rise to 8.0 percent in June, as initially estimated, from 6.8 percent in May.

At 5.00 am ET, Eurostat is scheduled to publish Eurozone foreign trade data for May. The deficit had totaled EUR 32.4 billion in April.

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European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
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Asian Markets Trade Mixed

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Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
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