European Economic News Preview: ECB Monetary Policy Announcement Due

RTTNews | 698 일 전
European Economic News Preview: ECB Monetary Policy Announcement Due

(RTTNews) - The monetary policy announcement from the European Central Bank is the major event due on Thursday.

Markets widely expect the ECB to hike the key rate by a final quarter point today. However, such a move raises the risk of recession in the currency bloc.

The ECB has raised rates by a cumulative 375 basis points with hikes in every policy session of the current tightening cycle that began in July last year. At the last meeting in July, the main refinancing rate, or refi, was lifted by 25 basis points to 4.25 percent.

The governing council of the ECB releases the statement at 8.15 am ET and ECB President Christine Lagarde is set to hold the press conference at 8.45 am.

The ECB will also publish staff macroeconomic projections today, at 9.45 am ET.

Consumer prices from Sweden and producer prices from Switzerland are the other economic reports due on Thursday.

At 2.00 am ET, Statistics Sweden releases consumer prices for August. Consumer price inflation is forecast to slow to 4.9 percent from 6.4 percent in July.

At 2.30 am ET, the Federal Statistical Office is set to issue Swiss producer and import prices for August. Producer and import prices had declined 0.6 percent on a yearly basis in July.

read more
Australia Wage Price Data Due On Wednesday

Australia Wage Price Data Due On Wednesday

Australia will on Wednesday release Q2 data for its wage price index, highlighting a modest day for Asia-Pacific economic activity. Wages are expected to rise 0.8 percent on quarter and 3.3 percent on year, easing from 0.9 percent on quarter and 34 percent on year in the three months prior.
RTTNews | 10 분 전
U.S. Small Business Confidence Improves In July - NFIB

U.S. Small Business Confidence Improves In July - NFIB

Small business optimism in the U.S. strengthened in July after eroding in the previous month as business expectations turned positive despite a rise in uncertainty, results of a monthly survey by the National Federation of Independent Businesses showed on Tuesday.
RTTNews | 2 시간 23 분 전
Swiss Market Settles Marginally Higher

Swiss Market Settles Marginally Higher

The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.
RTTNews | 4 시간 16 분 전
European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.
RTTNews | 4 시간 36 분 전
Canadian Market Modestly Higher

Canadian Market Modestly Higher

The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.
RTTNews | 5 시간 13 분 전
UK Labor Market Cools In Q2

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
RTTNews | 8 시간 36 분 전
U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.
RTTNews | 8 시간 48 분 전