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European Economic News Preview: Eurozone Flash GDP, Inflation Data Due

RTTNews | 732 days ago

European Economic News Preview: Eurozone Flash GDP, Inflation Data Due

(RTTNews) - Flash inflation and quarterly national accounts from the euro area and mortgage approvals from the UK are due on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, Germany's statistical office Destatis is scheduled to issue retail sales and import prices for June. Economists forecast retail sales to fall 2.7 percent annually after a 3.6 percent drop in May.

At 3.00 am ET, consumer prices from Austria and GDP data from the Czech Republic are due. The Czech economy is forecast to grow 0.2 percent sequentially in the second quarter after staying flat in the first quarter.

At 4.00 am ET, Italy's statistical office ISTAT releases flash GDP data for the second quarter. Economists expect GDP to remain flat after expanding 0.6 percent in the first quarter.

Half an hour later, the Bank of England publishes UK mortgage approvals for June. The number of mortgage approvals is seen at 49,000 in June, down from 50,524 in May. At 5.00 am ET, Eurostat publishes euro area flash GDP and inflation data. The currency bloc is expected to grow 0.2 percent on quarter in the second quarter after staying flat a quarter ago. Inflation is forecast to slow to 5.3 percent in July from 5.5 percent in June.

In the meantime, flash inflation figures are due from Italy.

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Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 44 minutes ago

Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.

RTTNews | 1h 4min ago

Sensex, Nifty Set To Extend Losses On Economic Concerns

Sensex, Nifty Set To Extend Losses On Economic Concerns

Indian shares are seen opening lower on Friday as concerns over U.S. tariffs and economic growth overshadow positive earnings from major tech companies.

RTTNews | 1h 24min ago

Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.

RTTNews | 2h 41min ago

Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 2h 43min ago

Pound Slides Against Most Majors

Pound Slides Against Most Majors

The pound fell against its most major counterparts in the New York session on Thursday.

RTTNews | 8h 39min ago

Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | 10h 30min ago

European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | 11h 1min ago

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