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European Economic News Preview: Eurozone GDP Data Due
(RTTNews) - Revised quarterly national accounts data from the euro area is due on Thursday, headlining a light day for the European economic news.
At 1.30 am ET, France non-farm payroll data is due for the first quarter.
At 2.30 am ET, the Hungarian Statistical Office publishes consumer prices and flash foreign trade data. Inflation is forecast to slow to 22.3 percent in May from 24.8 percent in April.
At 5.00 am ET, Eurostat releases euro area quarterly GDP data for the first quarter. The initial estimates showed that the currency-bloc of 20 nations grew only 0.1 percent after stabilizing in the fourth quarter.
At 6.00 am ET, consumer price data is due from Ireland. Consumer prices had increased 7.2 percent in April.
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Canadian Dollar Advances Against Majors
The Canadian dollar firmed against its major counterparts in the New York session on Friday.
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2h 58min ago
Swiss Market Ends Higher For 2nd Straight Session
The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.
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8h 1min ago
Major European Markets Close Slightly Weak
The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
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8h 26min ago
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally
The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices.
The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
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9h 31min ago
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings
The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
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12h 27min ago
Bay Street Likely To Open On Subdued Note
Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
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13h 11min ago
FTSE 100 Recovers After Slight Setback, Up Marginally At Noon
After an early modest upmove, the U.K. market slipped into negative territory Friday morning, but recovered ground subsequently to emerge above the flat thanks to selective buying at a few frontline counters.
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14h 34min ago
Pound Slides As UK Bond Yield Soars
The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
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14h 56min ago
