European Economic News Preview: German Flash Inflation Data Due

RTTNews | 294 days ago
European Economic News Preview: German Flash Inflation Data Due

(RTTNews) - Flash consumer prices from Germany and Spain and monetary aggregates from the euro area are due on Thursday.

At 3.00 am ET, Spain's INE releases flash consumer prices data for November. Inflation is expected to rise to 2.3 percent from 1.8 percent in October. At 4.00 am ET, monetary aggregates data from the euro area is due. M3 is forecast to grow 3.4 percent on year in October after rising 3.2 percent in September.

In the meantime, Italy's statistical office ISTAT is scheduled to issue business and consumer sentiment data.

At 5.00 am ET, the European Commission publishes euro area economic sentiment survey data.

At 8.00 am ET, Destatis is slated to issue Germany's preliminary consumer and harmonized prices for November. Inflation is forecast to rise to 2.3 percent from 2.0 percent in October.

read more
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending its early losses in mid-market moves on Thursday, adding to the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, as markets digested a softer-than-expected domestic jobs report, with weakness across most sectors led by mining and energy stocks.
RTTNews | 58 minutes ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after the US Fed delivered a widely expected quarter point interest rates cut to 4.0 percent, citing a shift in the balance of risks. The latest projections from Fed officials also suggest they expect the central bank to lower rates two more times this year.
RTTNews | 1h 12min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 45,000 mark, with gains across most sectors led by exporters and technology stocks.
RTTNews | 2h 41min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness across most sectors led by mining and energy stocks.
RTTNews | 3h 22min ago
U.S. Dollar Advances After Fed Decision

U.S. Dollar Advances After Fed Decision

The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.
RTTNews | 5h 58min ago
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
RTTNews | 9h 56min ago
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.
RTTNews | 10h 23min ago