European Economic News Preview: Germany Foreign Trade Data Due

RTTNews | 677天前
European Economic News Preview: Germany Foreign Trade Data Due

(RTTNews) - Foreign trade and construction Purchasing Managers' survey results from Germany are the top economic news due on Thursday.

At 2.00 am ET, Destatis is scheduled to issue Germany's external trade data for August. Exports are forecast to fall 0.4 percent on month, while imports are expected to climb 0.5 percent.

At 2.45 am ET, France's statistical office INSEE is scheduled to release industrial production for August. Economists expect industrial output to drop 0.4 percent on a monthly basis, in contrast to the 0.8 percent increase in July.

At 3.00 am ET, Spain's INE publishes industrial output for August. Output is seen falling 2.1 percent annually after a 1.8 percent drop in July.

At 3.30 am ET, Germany's construction Purchasing Managers' survey results are due.

At 4.30 am ET, S&P Global releases UK construction PMI data for September. The index is seen at 49.9, down from 50.8 in August.

read more
Pound Rises On Upbeat U.K. Employment Data

Pound Rises On Upbeat U.K. Employment Data

The British pound strengthened against other major currencies in the European session on Tuesday, following the release of the upbeat United Kingdom (UK) labor market data for the three-months ending June.
RTTNews | 15分鐘前
DAX Retreats After Positive Start, Down 0.3%

DAX Retreats After Positive Start, Down 0.3%

Despite opening on a positive note amid easing trade tensions, the German market is down in negative territory Tuesday afternoon, with investors turning cautious, looking ahead to U.S. consumer price inflation data due later in the day. Weak economic sentiment reading is also weighing on sentiment.
RTTNews | 29分鐘前
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.
RTTNews | 35分鐘前
Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook

Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook

The Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point for the third time this year as underlying inflation continued to moderate, while economic growth outlook was lowered due to weaker-than-expected recovery in public demand. The board decided to trim the cash rate target by 25 basis points to 3.60 percent. The decision was unanimous.
RTTNews | 50分鐘前
Australian Dollar Slides As RBA Cuts Key Interest Rate By 25 Bps

Australian Dollar Slides As RBA Cuts Key Interest Rate By 25 Bps

The Australian dollar weakened against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point as underlying inflation continued to soften and labor conditions eased slightly.
RTTNews | 1小時12分鐘前