European Economic News Preview: France Foreign Trade Data Due

RTTNews | 308天前
European Economic News Preview: France Foreign Trade Data Due

(RTTNews) - Foreign trade data from France and industrial production from Italy are due on Friday, headlining a light day for the European economic news.

At 2.45 am ET, France's customs office is slated to publish external trade data for September. The trade deficit is forecast to narrow to EUR 7.0 billion from EUR 7.4 billion in August.

At 4.00 am ET, Italy's ISTAT publishes industrial output data for September. Production is expected to fall 0.4 percent on month, in contrast to the 0.1 percent rise in August.

At 6.00 am ET, retail sales data is due from Italy. Economists forecast sales to grow 0.2 percent on month in September, reversing a 0.5 percent fall in the previous month.

read more
European Markets Close Mostly Flat

European Markets Close Mostly Flat

The major European markets closed roughly flat on Friday as the mood turned cautious with investors awaiting Fitch's review of France's sovereign rating. Shares from automobile, banking and healthcare sectors were among the laggards, while mining stocks found fairly good support.
RTTNews | 1小時38分鐘前
Canadian Market Drifts Lower On Profit Taking

Canadian Market Drifts Lower On Profit Taking

Despite rising odds of interest rate cuts by the Bank of Canada and the Federal Reserve next week, the Canadian market is down in negative territory on Friday, taking a breather after consistently hitting record highs over the past several sessions.
RTTNews | 2小時31分鐘前
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews | 4小時12分鐘前
UK Economy Flatlines In July

UK Economy Flatlines In July

The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews | 5小時45分鐘前
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
RTTNews | 6小時24分鐘前
Russia Central Bank Cuts Rate By 100 Bps

Russia Central Bank Cuts Rate By 100 Bps

Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
RTTNews | 6小時37分鐘前
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Friday.
RTTNews | 6小時57分鐘前