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European Economic News Preview: UK Labor Market Data Due
(RTTNews) - Labor market data from the UK and economic sentiment from Germany are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to remain unchanged at 4.3 percent in the three months to November.
At 4.00 am ET, harmonized inflation data is due from Iceland.
At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic sentiment index is expected to fall to 15.2 in January from 15.7 in December.
In the meantime, unemployment data is due from Croatia.
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Swiss Market Ends Moderately Lower
After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.
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15 minutes ago
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.
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45 minutes ago
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected
Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
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3h 58min ago
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
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4h 20min ago
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
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5h 39min ago
Bay Street Seen Opening Higher
Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
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5h 48min ago
Major European Markets In Positive Territory In Cautious Trade
The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
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6h 22min ago
Sensex, Nifty Close On Firm Note Again
Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.
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7h 11min ago
