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European Economic News Preview: UK Unemployment Data Due
(RTTNews) - Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics releases UK labor market data. The jobless rate is forecast to rise to 4.5 percent in three months to December from 4.4 percent in the preceding period.
In the meantime, final inflation data is due from Sweden.
At 2.45 am ET, France's statistical office INSEE publishes final inflation figures for January. The flash estimate showed that inflation rose slightly to 1.4 percent from 1.3 percent in December.
At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic sentiment index is expected to rise notably to 19.9 in February from 10.3 in January.
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China Manufacturing Activity Contracts For First Time In 8 Months
China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders, survey results from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index unexpectedly fell to 48.3 in May, down from 50.4 in April. The score was seen at 50.8.
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41 minutes ago
European Economic News Preview: Eurozone Inflation Data Due
Flash inflation and unemployment from the euro area are the top economic news due on Tuesday. At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss inflation data. Consumer prices are forecast to rise 0.2 percent in May compared to no change in April. At 3.00 am ET, unemployment data is due from Spain.
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56 minutes ago
European Shares Seen Higher At Open
European stocks may open slightly higher on Tuesday after reports emerged that U.S. President Donald Trump will speak with his Chinese counterpart Xi Jinping -- possibly this week --to address tariff disputes and improve relations.
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1h 8min ago
FSIS Warns Against Not-Ready-To-Eat Ham Croquette Product
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert against Croquetas La Mary LLC's frozen not-ready-to-eat ham croquette product citing misbranding and undeclared allergens. The product contains soy and sesame, known allergens, which are not declared on the product label.
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1h 43min ago
Sensex, Nifty Subdued In Early Trade
Indian shares were subdued on Tuesday, extending losses for a third straight session amid rising geopolitical and trade tensions.
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2h 29min ago
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,450 level, with gains across most se led by gold miners, technology and financial stocks.
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3h 23min ago
Asian Markets Track Wall Street Higher
Asian stock markets are mostly higher on Tuesday, following the positive cues from Wall Street overnight, as traders reacted to news that the US and China could revive trade talks as soon as this week after US President Donald Trump accused China of violating the trade agreement reached last month. The sharp increase in price of commodities such as gold and crude oil also aided the markets.
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3h 30min ago
Sensex, Nifty Seen Higher At Open
Indian shares may see a positive start on Tuesday after a rebound in in big tech drove U.S. stocks higher overnight.
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4h 15min ago
