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European Economics Preview: Germany ZEW Economic Confidence Data Due
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(RTTNews) - Economic confidence data from Germany is the only major report due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, consumer prices from Romania and producer prices from Lithuania are due. Romania's inflation is seen at 15.1 percent in June versus 14.5 percent in May.
At 5.00 am ET, Germany ZEW economic confidence survey results are due. The sentiment index is forecast to fall to -38.3 in July from -28.0 in June.
At 6.00 am ET, consumer price data is due from Portugal.
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Canadian Market Up Slightly In Cautious Trade
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The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
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Bay Street Likely To Open On Negative Note
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A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
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After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
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The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th.
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FTSE 100 Recovers After Weak Start, Up Marginally
After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday.
Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
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