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European Economics Preview: UK Unemployment Data Due
(RTTNews) - Labor market statistics from the UK is due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK labor market statistics. The ILO jobless rate is seen at 3.6 percent in three months to August, unchanged from three months to July.
At 3.00 am ET, the Czech Statistical Office is scheduled to issue inflation data for September. Consumer price inflation is seen unchanged at 17.2 percent. Consumer price figures are due from Hungary.
At 4.00 am ET, Italy's Istat releases industrial production for August. Economists forecast industrial output to grow 0.2 percent on month, slower than the 0.4 percent increase in July.
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FSIS Announces Recalls Of 22K Pounds Of Beef, Pork Products For Various Reasons
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced recalls of around 22 thousand pounds of select beef and pork products, citing various reasons including misbranding and undeclared allergens. Springville, Utah-based Springville Meat & Cold Storage Co., Inc. called back around 15,388 pounds of heat-treated shelf-stable ready-to-eat or RTE beef jerky/beef...
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U.S. Private Sector Adds 37,000 Jobs In May, Much Fewer Than Expected
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by much less than expected in the month of May. ADP said private sector employment rose by 37,000 jobs in May after climbing by a downwardly revised 60,000 jobs in April. Economists had expected private sector employment to jump by 115,000 jobs.
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Eurozone Private Sector Expands For Fifth Month
Euro area private sector expanded for the fifth straight month in May, but the upturn was only fractional and the slowest in three months, final results of the purchasing managers' survey by S&P Global showed on Wednesday. The HCOB composite output index fell to 50.2 in May from 50.4 in April. However, the score was above the threshold 50-mark and also the flash estimate of 49.5.
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1h 7min ago
U.S. Private Sector Employment Rises Much Less Than Expected In May
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by much less than expected in the month of May.
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1h 19min ago
Bay Street May Open On Slightly Positive Note; BoC Rate Decision In Focus
Canadian shares look headed for a positive start Wednesday morning, ahead of the Bank of Canada's interest rate decision.
The Canadian central bank is widely expected to leave interest rate unchanged.
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1h 32min ago
FTSE 100 Up Marginally
U.K. stocks are up in positive territory on Wednesday even as investors assess the potential impact of the Trump administration's tariffs on steel and aluminum, in addition to digesting some corporate earnings updates and economic data.
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Pound Rises After Robust U.K. PMI Data
The British pound strengthened against other major currencies in the European session on Wednesday, following the release of PMI data that signaled a stronger than estimated growth in private sector in May.
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2h 5min ago
CAC 40 Up 0.5%; STMicroElectronics Rises Over 7%
Despite lingering concerns about trade tensions, French stocks are gaining some ground in positive territory on Wednesday with investors expecting an interest rate cut from the European Central Bank on Thursday.
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2h 16min ago
