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European Economic News Preview: Germany Producer Price Data Due

RTTNews | 771 days ago

European Economic News Preview: Germany Producer Price Data Due

(RTTNews) - Producer prices from Germany and business confidence from France are the major statistical reports due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for June. Producer prices are forecast to remain flat on year, following May's 1.0 percent increase.

In the meantime, Swiss foreign trade data is due for June.

At 2.45 am ET, France's statistical office INSEE publishes business sentiment survey results for July. The confidence index is seen falling to 100 in July from 101 in June.

At 4.00 am ET, the European Central Bank releases the euro area current account data for May. The current account surplus totaled EUR 4.0 billion in April.

Also, industrial production, corporate wages and producer prices are due from Poland. Economists forecast industrial output to fall 1.6 percent annually, after easing 3.2 percent in May. Producer price inflation is seen easing to 0.7 percent from 3.1 percent in May.

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U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 36 minutes ago

German Unemployment Exceeds 3 Mln

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Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

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U.S. PCE Price Index Increased In Line With Estimates In July

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Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 1h 19min ago

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 1h 34min ago

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 2h 13min ago

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 2h 20min ago

FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 2h 52min ago

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.

RTTNews | 3h 0min ago

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