European Economic News Preview: Eurozone Flash GDP Data Due

RTTNews | 505 일 전

(RTTNews) - Flash quarterly national accounts from Eurozone and other major euro area economies are due on Tuesday, headlining a hectic day for the European economic news.

At 1.30 am ET, France's statistical office INSEE is scheduled to release flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.1 percent sequentially in the first quarter, the same pace as seen in the fourth quarter.

At 2.00 am ET, Destatis publishes Germany's retail sales, import prices and ILO jobless rate data. Import prices are expected to decline 3.8 percent annually in March, following a 4.9 percent drop in February. Economists forecast retail sales to grow 1.5 percent on month in March, in contrast to the 1.9 percent fall in the previous month.

At 2.30 am ET, preliminary GDP figures are due from Hungary.

At 2.45 am ET, flash consumer prices and producer prices are due from France. Economists forecast consumer price inflation to ease to 2.1 percent in April from 2.3 percent in March.

At 3.00 am ET, preliminary GDP data is due from Spain, the Czech Republic and Austria are due. Spain GDP is expected to log a slower growth of 0.4 percent in the first quarter after rising 0.6 percent a quarter ago.

At 3.55 am ET, the Federal Labor Agency publishes Germany's unemployment data. The jobless rate is seen unchanged at 5.9 percent in April.

At 4.00 am ET, flash GDP data from Germany and Italy are due. The German economy is expected to shrink 0.2 percent in the first quarter after posting a similar contraction in the preceding period.

At 4.30 am ET, the Bank of England is set to release mortgage approvals data. The number of mortgages approved in March is expected to rise to 61,000 from 60,383 in February.

At 5.00 am ET, Eurostat publishes euro area flash GDP and inflation figures. The currency bloc is expected to expand 0.1 percent in the first quarter after staying stable in the fourth quarter. The inflation is expected to remain unchanged at 2.4 percent in April.

Indonesia Bourse May Run Out Of Steam On Wednesday

The Indonesia stock market has moved higher in six straight sessions, advancing more than 320 points or 4.3 percent in that span. The Jakarta Composite Index now rests just beneath the 7,960-point plateau although the rally may stall on Wednesday.

RTTNews | 26 분 전

Japanese Market Slightly Lower

The Japanese stock market is trading slightly lower on Wednesday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 44,850 level, with weakness in index heavyweights, exporters and financial stocks partially offset by gains in technology stocks.

RTTNews | 26 분 전

Losses May Accelerate For Hong Kong Stock Market

The Hong Kong stock market on Tuesday snapped the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,440-point plateau and it may extend its losses on Wednesday.

RTTNews | 41 분 전

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, reversing the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 8,850 level, following the broadly negative cues from Wall Street overnight, with weakness in mining, financial and technology stocks partially offset by gains in energy stocks.

RTTNews | 53 분 전

Soft Start Anticipated For China Stock Market

The China stock market on Tuesday ended the two-day slide in which it had fallen almost 15 points or 0.4 percent. The Shanghai Composite Index now sits just above the 3,860-point plateau although it's likely to open in the red again on Wednesday.

RTTNews | 56 분 전

Taiwan Shares May Head South Again On Wednesday

The Taiwan stock market bounced higher again on Tuesday, one day after ending the eight-day winning streak in which it had surged more than 1,450 points or 5.8 percent. The Taiwan Stock Exchange now sits just beneath the 25,630-point plateau although it may hand back those gains on Wednesday.

RTTNews | 1 시간 26 분 전

Singapore Bourse May Extend Losing Streak

The Singapore stock market has moved lower in three straight sessions, slumping more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 4,340-point plateau and it may take further damage on Wednesday.

RTTNews | 1 시간 56 분 전

Malaysia Shares May See Renewed Consolidation

Ahead of the long weekend for Malaysia Day, the Malaysia stock market had bounced higher again on Friday, one day after halting the three-day winning streak in which it had collected more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may head south again on Wednesday.

RTTNews | 2 시간 26 분 전

EURUSD	1.1856	GBPUSD	1.36442	AUDUSD	0.66796
USDJPY	146.504	USDCAD	1.37474	USDCHF	0.78685