European Economic News Preview: BoE, SNB Policy Announcements Due

RTTNews | 74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 due on Thursday.

The SNB announces its quarterly monetary policy announcement at 3.30 am ET. The bank is forecast to cut its key rate by a quarter-point to zero percent as inflation turned negative.

At 4.00 am ET, Norges Bank releases policy rate decision and monetary policy report. Markets forecast the bank to postpone its interest rate reduction. The bank is set to hold the rate at a 17-year high of 4.50 percent.

The BoE is expected to retain its benchmark rate at 4.25 percent amid rising geopolitical tensions and inflation remaining persistently above the target. The announcement is due at 7.00 AM ET.

At 7.00 am ET, policy announcement is also due from Turkey. The bank is set to hold its key interest rate at 46 percent.

Major economic reports other than monetary policy decisions are foreign trade from Switzerland and construction output from euro area.

At 2.00 am ET, Swiss customs office publishes foreign trade data. The trade surplus is expected to fall to CHF 5.85 billion in May from CHF 6.4 billion in April.

At 5.00 am ET, Eurostat is scheduled to issue euro area construction output data for April.

read more
China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

China's manufacturing sector returned to growth in August as rising orders pushed up purchasing activity and unfinished business but firms remained cautious about hiring, survey data from S&P Global showed on Monday. The RatingDog manufacturing Purchasing Managers' Index posted 50.5 in August, up from 49.5 in July. A reading above 50.0 indicates expansion in the sector.
RTTNews | 1小時21分鐘前
European Economic News Preview: UK Mortgage Approvals, House Price Data Due

European Economic News Preview: UK Mortgage Approvals, House Price Data Due

Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.
RTTNews | 2小時46分鐘前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,950.00 mark, with weakness in iron ore miners, energy, technology and financial stocks. Gold miners are the only bright spot.
RTTNews | 5小時8分鐘前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, dragged down by tumbling technology stocks that mirrored their peers on Nasdaq. Traders also are concerned about the renewed uncertainty about US President Donald Trump's reciprocal tariffs after a U.S. federal appeals court ruled that the majority of his sweeping tariffs were illegal.
RTTNews | 5小時24分鐘前
Thai Shares Tipped To Open Under Water On Monday

Thai Shares Tipped To Open Under Water On Monday

The Thai stock market turned lower again on Friday, one day after snapping the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,235-point plateau and it's likely to open under pressure again on Monday.
RTTNews | 6小時35分鐘前