European Economic News Preview: Germany Producer Price Data Due

RTTNews | 719 days ago
Stocktwits
European Economic News Preview: Germany Producer Price Data Due

(RTTNews) - Producer prices from Germany and current account from the euro area are the top economic news due on Tuesday.

At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for May. Economists forecast producer price inflation to ease to 1.7 percent from 4.1 percent in April.

At 4.00 am ET, the European Central Bank releases euro area current account data for April. The current account surplus is forecast to fall to EUR 30.1 billion from EUR 31.2 billion in March.

At 5.00 am ET, construction output data is due from Eurozone. Economists expect construction output to remain flat in April after easing 2.4 percent in March.

At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is widely expected to hold base rate at 13.00 percent.

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Japan Stock Market May Add To Its Winnings On Monday

Japan Stock Market May Add To Its Winnings On Monday

The Japan stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had tumbled almost 1,000 points or 2.8 percent. The Nikkei 225 now sits just above the 37,740-point plateau and it's tipped to open in the green again on Monday.
RTTNews | 22 minutes ago
Higher Open Predicted For South Korea Stock Market

Higher Open Predicted For South Korea Stock Market

Ahead of Friday's holiday for Memorial Day, the South Korea stock market had finished higher in three straight sessions, collecting more than 115 points or 4.2 percent along the way. The KOSPI now rests just above the 2,810-point plateau and it's expected to see additional support again on Monday.
RTTNews | 37 minutes ago
Japan GDP Data Due On Monday

Japan GDP Data Due On Monday

Japan will on Monday release Q1 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to slip 0.2 percent on quarter and rise 0.5 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three months prior.
RTTNews | 1h 37min ago
U.S. Dollar Higher After Strong Jobs Data

U.S. Dollar Higher After Strong Jobs Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.
RTTNews | 2 days ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a flat start and a subsequent modest upmove, the Switzerland market turned subdued and fell into negative territory by noon on Friday, but recovered gradually to finally end the day's session on a positive note.
RTTNews | 2 days ago
European Markets Close Higher

European Markets Close Higher

The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP. Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.
RTTNews | 2 days ago
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 2 days ago
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 2 days ago
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