European Economic News Preview: UK Unemployment Data Due

RTTNews | 660 days ago
Stocktwits
European Economic News Preview: UK Unemployment Data Due

(RTTNews) - Unemployment from the UK and economic confidence survey results from Germany are the top economic news due on Tuesday.

At 2.00 am ET, the Office for National Statistics releases UK labor market statistics. The jobless rate is seen unchanged at 4.0 percent in three months to June.

In the meantime, consumer prices from Sweden and foreign trade from Norway are due. Sweden's inflation is expected to remain unchanged at 9.3 percent in July. At 2.30 am ET, the Federal Statistical Office is set to issue Swiss producer and import prices for July. Producer and import prices are forecast to drop 0.5 percent annually after falling 0.6 percent in June.

At 3.30 am ET, Russia's central bank is slated to announce the outcome of its emergency policy meeting. The central bank had called an extraordinary meeting to step up measures to contain the sharp fall of the currency.

At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic confidence index is seen unchanged at -14.7 in August.

At 6.00 am ET, the European Commission is scheduled to publish summer economic forecast.

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Citi To Cut Around 3,500 Tech Jobs In China Under Global Restructuring

Citi To Cut Around 3,500 Tech Jobs In China Under Global Restructuring

Banking major Citigroup Inc. announced plans to reduce around 3,500 technology in China as part of its ongoing broader initiative to streamline global tech operations, reports said. With the planned resturcturing, the lender aims to strengthen risk and data management frameworks. The planned results will be at its two major China-based technology centers in Shanghai and Dalian.
RTTNews | 58 minutes ago
CAC 40 Up 0.5% Ahead Of ECB Rate Decision

CAC 40 Up 0.5% Ahead Of ECB Rate Decision

French stocks are gaining some ground in positive territory on Thursday as investors expect a 25-basis point interest rate cut from the European Central Bank later in the day. Worries about trade tension limit market's upside.
RTTNews | 1h 8min ago
Sensex Rises Over 400 Points; Nifty At 24,750

Sensex Rises Over 400 Points; Nifty At 24,750

Indian shares ended Thursday's session modestly higher as weak private payrolls and services data raised concerns about the U.S. economic outlook but reinforced speculation that the Federal Reserve will cut interest rates at least twice this year.
RTTNews | 1h 20min ago
DAX Climbs To New Record High

DAX Climbs To New Record High

German stocks are up in positive territory on Thursday, extending gains to a third straight session, thanks to encouraging factory orders data and expectations of a rate cut by the European Central Bank later in the day.
RTTNews | 1h 29min ago
UK Construction Sector Downturn Softens In May

UK Construction Sector Downturn Softens In May

The UK construction sector contracted at a slower pace in May as the fall in new orders hit the slowest in four months, survey data from S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 47.9 in May, up from 46.6 in April. The indicator suggested the slowest reduction in output volumes since January.
RTTNews | 2h 12min ago
MongoDB Shares Gain On Narrower Q1 Loss, FY26 Outlook Revision, $800 Mln Buyback

MongoDB Shares Gain On Narrower Q1 Loss, FY26 Outlook Revision, $800 Mln Buyback

Shares of MongoDB, Inc. gained around 15 percent in the extended trading on Wednesday, and is currently 15 percent higher in the pre-market activity on the Nasdaq, after the database software company lifted its fiscal 2026 outlook after reporting narrower net loss in its first quarter with higher revenues. The company also issued second -quarter outlook and announced a share buyback program...
RTTNews | 2h 53min ago
Asian Shares Mixed As Investors Await US Jobs Data

Asian Shares Mixed As Investors Await US Jobs Data

Asian stocks ended mixed on Thursday as investors digested a pair of disappointing reports on the U.S. economy and looked ahead to key non-farm payrolls data on Friday for direction.
RTTNews | 2h 55min ago
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