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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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U.S. Consumer Sentiment Improves Much More Than Expected In June
Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
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CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
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3 시간 37 분 전
FTSE 100 Falls Amidst Israel-Iran Conflict
Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
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5 시간 28 분 전
Eurozone Trade Surplus Declines To 3-Month Low
Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
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5 시간 42 분 전
Geopolitical Tensions Drag Down CAC 40
An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
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6 시간 24 분 전
Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down
Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
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7 시간 0 분 전
Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions
Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
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7 시간 14 분 전
Eurozone Industrial Output Falls For First Time In Four Months
Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
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7 시간 46 분 전
