European Economic News Preview: Eurozone Final PMI Data Due

RTTNews | 830天前

(RTTNews) - Final composite Purchasing Managers' survey results from the euro area and other major Eurozone economies as well as foreign trade from Germany are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data. Exports are forecast to rebound 1.5 percent on month and imports to gain 2.0 percent in January.

At 2.45 am ET, France's statistical office INSEE is set to release industrial production for January. Economists forecast output to gain 0.1 percent on month, slower than the 1.1 percent increase a month ago. At 3.15 am ET, Spain's services Purchasing Managers' survey results are due. The services PMI is seen rising to 54.3 in February from 52.7 in January.

At 3.45 am ET, Italy's PMI data is due. Economists forecast the services index to advance to 53.1 from 51.2 in January.

At 3.50 am ET, France's final composite PMI survey results are due. The score is forecast to match the flash estimate of 51.6 in February, up from 49.1 in the prior month.

At 3.55 am ET, Germany's final PMI data is due. The composite index is seen at 51.1 in February, in line with flash estimate.

At 4.00 am ET, S&P Global publishes euro area final PMI survey data. The composite index is forecast to rise to 52.3, as estimated, from 50.3 in the prior month.

In the meantime, Italy GDP data for the fourth quarter is due.

At 4.30 am ET, UK S&P Global/CIPS final services PMI data is due. Economists forecast the index to drop to 53.3 in February from 48.7 in January.

At 5.00 am ET, Eurostat is set to publish euro area producer prices for January. Producer price inflation is seen at 17.7 percent versus 24.6 percent in December.

KOSPI May Challenge Resistance At 2,900 Points

The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.

RTTNews | 13分鐘前

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | 1小時13分鐘前

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 3小時0分鐘前

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 3小時5分鐘前

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 3小時46分鐘前

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 5小時11分鐘前

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 5小時27分鐘前

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 6小時34分鐘前

EURUSD	1.14324	GBPUSD	1.35035	AUDUSD	0.65312
USDJPY	144.938	USDCAD	1.36669	USDCHF	0.8223

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European Economic News Preview: Eurozone Final PMI Data Due