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European Economic News Preview: Eurozone Foreign Trade Data Due
(RTTNews) - Foreign trade data from the euro area is the top economic news due on Thursday, headlining a light day for the European economic news.
At 12.30 am ET, unemployment data from the Netherlands and consumer confidence from Norway are due.
At 4.00 am ET, Norway's central bank is set to announce its monetary policy decision. The bank is expected to lift its key interest rate to 4.00 percent from 3.75 percent.
At 5.00 am ET, Eurostat publishes euro area foreign trade data for June. Economists forecast the trade balance to post a surplus of EUR 18.3 billion compared to a shortfall of EUR 0.3 billion posted in May.
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U.S. Dollar Strengthens On Trump's Tariff Delay
The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
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European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions
European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
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U.S. Consumer Confidence Rebounds Much More Than Expected In May
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Bay Street Seen Opening Higher Again
Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
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U.S. Durable Goods Orders Pull Back Sharply In April
With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.
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Eurozone Economic Sentiment Rises More Than Forecast
Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad
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