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European Economics Preview: Eurozone Foreign Trade Data Due
(RTTNews) - Foreign trade data from the euro area is due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, the European Automobile Manufacturers' Association is slated to issue Europe new car registrations data for June. Sales had declined 11.2 percent annually in May.
At 4.00 am ET, Italy's Istat releases final consumer and harmonized prices for June. Consumer price inflation is forecast to rise to 8.0 percent in June, as initially estimated, from 6.8 percent in May.
At 5.00 am ET, Eurostat is scheduled to publish Eurozone foreign trade data for May. The deficit had totaled EUR 32.4 billion in April.
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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.
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23 minutes ago
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.
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1h 23min ago
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.
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2 days ago
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.
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2 days ago
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.
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2 days ago
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.
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2 days ago
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.
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2 days ago
U.S. Job Growth Slightly Exceeds Estimates In May
Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
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2 days ago
