European Economic News Preview: BoE, SNB Policy Announcements Due

RTTNews | 137天前
European Economic News Preview: BoE, SNB Policy Announcements Due

(RTTNews) - The monetary policy announcements from the Bank of England and the Swiss National Bank are the top events due on Thursday.

The BoE is likely to sit tight on rates today as inflation remains sticky. The nine-member policy committee is widely seen holding the rate at 4.50 percent in a split vote. The decision is due at 8.00 AM ET.

The SNB is widely expected to lower the interest rate by 25 basis points to 0.25 percent. But today's rate is likely to be the last in the current easing cycle as the currency has weakened notably over the last few months. The SNB announces the decision at 4.30 AM ET.

Other major economic reports due for the day are unemployment from the UK and producer prices from Germany.

At 3.00 am ET, the Office for National Statistics releases UK labor market statistics. The jobless rate is seen at 4.4 percent in three months to January, unchanged from the preceding period.

Also, producer prices data from Germany is due. Economists expect prices to grow 1.0 percent on a yearly basis in February, following a 0.5 percent rise in January.

In the meantime, foreign trade data is due from Switzerland.

read more
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | 57分鐘前
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | 1小時4分鐘前
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | 1小時56分鐘前
Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
RTTNews | 2小時18分鐘前
CAC Moderately Higher As Stocks Recover From Recent Setback

CAC Moderately Higher As Stocks Recover From Recent Setback

The French stock market is up firmly in positive territory on Monday with several counters from across various sectors attracting buyers after last week's decline following a sweeping tariff announcement from U.S. President Donald Trump.
RTTNews | 2小時24分鐘前
DAX Up 1.1% As Stocks Rebound From Recent Losses

DAX Up 1.1% As Stocks Rebound From Recent Losses

German stocks are up firmly in positive territory on Monday, recovering well from recent losses, as investors look past last week's tariff announcement from U.S. President Donald Trump and focusing on recent earnings.
RTTNews | 2小時42分鐘前
European Shares Tick Higher In Cautious Trade

European Shares Tick Higher In Cautious Trade

European stocks opened on a positive note Monday after falling sharply in the previous session on worries about the impact from higher U.S. tariffs.
RTTNews | 4小時58分鐘前