European Economic News Preview: UK GDP Data Due

RTTNews | 728 days ago
European Economic News Preview: UK GDP Data Due

(RTTNews) - Quarterly national accounts from the UK and final consumer price figures from France are the top economic news due on Friday.

At 1.30 am ET, France's statistical office INSEE is scheduled to issue unemployment data for the second quarter. The jobless rate is seen unchanged at 7.1 percent.

At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is expected to remain flat in the second quarter after rising 0.1 percent in the first quarter.

The UK visible trade deficit is seen narrowing to EUR 16.2 billion in June from EUR 18.7 billion in May.

At 2.45 am ET, France's statistical office ISTAT publishes final consumer and harmonized prices for July. Consumer price inflation is seen slowing to 4.3 percent, as initially estimated, from 4.5 percent in June.

At 3.00 am ET, Spain's INE releases final inflation figures for July. The flash estimate showed that consumer price inflation accelerated to 2.3 percent from 1.9 percent in June. The statistical office is expected to confirm the preliminary estimates.

At 4.00 am ET, Italy's Istat publishes foreign trade data for June. The trade surplus is seen widening to EUR 6.5 billion from EUR 4.7 billion in May.

read more
UK Market Roughly Flat; Mining Stocks Move Higher

UK Market Roughly Flat; Mining Stocks Move Higher

Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
RTTNews | 1h 2min ago
CAC 40 Climbs Higher For 3rd Straight Day

CAC 40 Climbs Higher For 3rd Straight Day

French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment. Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
RTTNews | 1h 21min ago
DAX Modestly Lower After Four-day Winning Streak

DAX Modestly Lower After Four-day Winning Streak

German stocks are down in negative territory on Friday, drifting lower after four successive days of gains, as some disappointing earnings announcements, and concerns about the impact of tariffs imposed by U.S. President Donald Trump weigh on sentiment.
RTTNews | 2h 24min ago
European Shares Mixed As Investors Weigh Trump Tariff Impact

European Shares Mixed As Investors Weigh Trump Tariff Impact

European stocks were mixed on Friday after the Trump administration's higher tariff rates on trading partners took effect from midnight and Moscow confirmed Russian President Vladimir Putin and U.S. President Donald Trump are preparing to meet in the coming days, raising hopes of a ceasefire in the Ukraine war.
RTTNews | 2h 55min ago
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European shares are seen opening higher on Friday after U.S. reciprocal tariffs took effect at midnight on Thursday.
RTTNews | 6h 18min ago
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews | 6h 31min ago