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European Economics Preview: Italy Retail Sales Data Due
(RTTNews) - Retail sales from Italy and industrial production from Spain are the top economic news due on Wednesday, headlining a very light day for the European economic news.
At 3.00 am ET, Spain's INE releases industrial production for November. Production had increased 2.5 percent annually in October.
In the meantime, the Czech Statistical Office is scheduled to issue consumer prices for December. Inflation is forecast to rise to 16.4 percent from 16.2 percent in November.
At 4.00 am ET, November retail sales data is due from Italy. Sales had decreased 0.4 percent on month in October.
At 6.00 am ET, Ireland's unemployment data is due for December.
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Walmart To Kick Off Holiday Season With Early Deals On Oct. 7-12
In preparation for the upcoming holiday season, retail behemoth Walmart, Inc. is bringing tens of thousands of deals with early savings, starting October 7 through 12. While membership is not required for the first deals event of the season, Walmart+ members will get exclusive early access on October 6 at 7 p.m. ET, and shoppers can enjoy fast delivery and in-store convenience all week long.
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European Economic News Preview: Eurozone Flash PMI Data Due
Flash composite purchasing managers' survey results from the euro area and the UK are the top economic news due on Tuesday. At 3.15 am ET, France's flash composite PMI survey results are due. The composite output index is forecast to edge up to 49.9 in September from 49.8 in the previous month.
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Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology shares.
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Asian Markets Mixed Amid Cautious Trades
Asian markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, escalating tensions in Europe and the Middle East are weighing on market sentiment.
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