European Economic News Preview: Eurozone Final PMI Data Due

RTTNews | 892 days ago
European Economic News Preview: Eurozone Final PMI Data Due

(RTTNews) - Final composite Purchasing Managers' survey results from the euro area and other major Eurozone economies as well as foreign trade from Germany are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data. Exports are forecast to rebound 1.5 percent on month and imports to gain 2.0 percent in January.

At 2.45 am ET, France's statistical office INSEE is set to release industrial production for January. Economists forecast output to gain 0.1 percent on month, slower than the 1.1 percent increase a month ago. At 3.15 am ET, Spain's services Purchasing Managers' survey results are due. The services PMI is seen rising to 54.3 in February from 52.7 in January.

At 3.45 am ET, Italy's PMI data is due. Economists forecast the services index to advance to 53.1 from 51.2 in January.

At 3.50 am ET, France's final composite PMI survey results are due. The score is forecast to match the flash estimate of 51.6 in February, up from 49.1 in the prior month.

At 3.55 am ET, Germany's final PMI data is due. The composite index is seen at 51.1 in February, in line with flash estimate.

At 4.00 am ET, S&P Global publishes euro area final PMI survey data. The composite index is forecast to rise to 52.3, as estimated, from 50.3 in the prior month.

In the meantime, Italy GDP data for the fourth quarter is due.

At 4.30 am ET, UK S&P Global/CIPS final services PMI data is due. Economists forecast the index to drop to 53.3 in February from 48.7 in January.

At 5.00 am ET, Eurostat is set to publish euro area producer prices for January. Producer price inflation is seen at 17.7 percent versus 24.6 percent in December.

read more
Sensex, Nifty Give Up Early Gains

Sensex, Nifty Give Up Early Gains

Indian shares gave up early gains to trade on a flat note Monday amid escalating trade tensions with the United States.
RTTNews | 1h 29min ago
Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market trading on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,800.00 level, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks
RTTNews | 2h 38min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid increasing optimism about the US Fed cutting interest rate in August based on last week's weak economic data. Traders shrugged off concerns about the economic impact of US President Donald Trump's "reciprocal tariffs" targeting more than 90 trading partner nations.
RTTNews | 2h 42min ago
Indonesia Bourse May Add To Its Winnings On Monday

Indonesia Bourse May Add To Its Winnings On Monday

The Indonesia stock market on Friday snapped the two-day slide in which it had slipped more than 25 points or 0.3 percent. The Jakarta Composite Index now sits just above the 7,530-point plateau and it may extend its gains on Monday.
RTTNews | 4h 25min ago
Higher Open Called For Hong Kong Stock Market

Higher Open Called For Hong Kong Stock Market

The Hong Kong stock market on Friday wrote a finish to the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,850-point plateau although it may bounce higher again on Monday.
RTTNews | 4h 40min ago
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is modestly higher on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,800.00 level, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 4h 41min ago