European Economic News Preview: Germany Inflation, Unemployment Data Due

RTTNews | 575 days ago
European Economic News Preview: Germany Inflation, Unemployment Data Due

(RTTNews) - Flash inflation, unemployment and retail sales from Germany are due on Wednesday, headlining a busy day for the economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales and import price figures. Sales are forecast to grow 0.7 percent on month in December, in contrast to the 2.5 percent decrease in November. Economists expect import prices to drop 0.5 percent on month.

At 2.45 am ET, France's statistical office INSEE releases flash consumer and harmonized prices for January. Harmonized inflation is expected to ease to 3.3 percent from 4.1 percent in December.

At 3.00 am ET, retail sales data is due from Spain.

At 3.55 am ET, the Federal Labor Agency publishes Germany's unemployment data for January. The jobless rate is seen unchanged at 5.9 percent.

At 4.00 am ET, Italy's ISTAT is scheduled to issue unemployment figures for December. The jobless rate is forecast to edge up to 7.6 percent from 7.5 percent in November. At 8.00 am ET, flash consumer and harmonized consumer price data is due from Germany. The harmonized consumer price inflation is expected to ease to 3.2 percent in January from 3.8 percent in December.

read more
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 47 minutes ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 1h 2min ago
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 1h 44min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 1h 52min ago
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 2h 1min ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 2h 9min ago
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 2h 31min ago