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European Economic News Preview: Eurozone Economic Sentiment Data Due

RTTNews | 830 days ago

European Economic News Preview: Eurozone Economic Sentiment Data Due

(RTTNews) - Economic confidence data from the euro area is the top economic news due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway releases retail sales and household consumption data. Sales are forecast to grow 0.3 percent on month in March, following a 0.2 percent rise in February.

In the meantime, flash GDP data is due from Sweden. Economists forecast the economy to grow 0.2 percent annually in the first quarter, in contrast to the 0.6 percent fall in the preceding period.

At 3.00 am ET, Spain's INE releases retail sales and unemployment data. The jobless rate is seen at 12.9 percent in the first quarter.

At 4.00 am ET, Italy's statistical office Insee is set to issue business and consumer confidence survey data. The consumer confidence index is forecast to rise to 105.5 in April from 105.1 in March. At the same time, the business sentiment index is expected to fall to 104 from 104.2 in the previous month. At 5.00 am ET, the European Commission publishes euro area economic confidence survey results. The economic confidence index is forecast to rise to 99.9 in April from 99.3 in March.

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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 | 1h 0min ago

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 | 1h 7min ago

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 | 1h 59min ago

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 | 2h 21min ago

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 | 2h 27min ago

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 | 2h 46min ago

Sensex, Nifty Snap Two-day Losing Streak As Focus Shifts To RBI

Sensex, Nifty Snap Two-day Losing Streak As Focus Shifts To RBI

Indian shares rose on Monday as soft U.S. jobs data signaling a sharp deterioration in labor market conditions fueled bets of imminent Federal Reserve rate cuts.

RTTNews | 3h 36min ago

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 | 5h 1min ago

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