European Economic News Preview: German Ifo Business Confidence Data Due

RTTNews | 325 hari yang lalu
European Economic News Preview: German Ifo Business Confidence Data Due

(RTTNews) - Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday.

At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.

At 3.00 am ET, Spain's INE releases unemployment and producer prices. The jobless rate is expected to climb to 11.4 percent in the third quarter from 11.27 percent in the second quarter.

At 4.00 am ET, the ifo Institute is slated to release Germany's business confidence survey data. The business climate index is forecast to climb to 85.6 in October from 85.4 in the prior month.

In the meantime, the European Central Bank publishes monetary aggregates data for September. Economists expect Eurozone M3 to advance 2.9 percent annually.

At 8.00 am ET, Russia's central bank is slated to announce interest rate decision. The bank is widely expected to hike its key rate by 100 basis points to 20.00 percent.

read more
CAC 40 Rises Sharply; Kering, Thales Among Strong Gainers

CAC 40 Rises Sharply; Kering, Thales Among Strong Gainers

Despite Fitch Ratings lowering France's long-term credit rating, citing climbing debt and political instability, the French stock market is up in positive territory on Monday with investors looking ahead to the policy announcements from the Federal Reserve, the Bank of England and the Bank of Japan this week.
RTTNews | 10 minit yang lalu
Sensex, Nifty Snap Winning Streak, Settle On Weak Note

Sensex, Nifty Snap Winning Streak, Settle On Weak Note

The major Indian stock indices Sensex and the Nifty ended on a weak note on Monday as investors chose to take some profits ahead of the Federal Reserve's monetary policy announcement due later this week.
RTTNews | 40 minit yang lalu
DAX Modestly Higher In Cautious Trade

DAX Modestly Higher In Cautious Trade

The German stock market is up in positive territory on Monday with investors making some selective purchases ahead of key central bank policy meetings later this week. The Federal Reserve, the Bank of England and the Bank of Japan are scheduled to make their monetary policy announcements this week.
RTTNews | 1j 18min yang lalu
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.
RTTNews | 1j 47min yang lalu
China Industrial Output, Retail Sales Miss Expectations

China Industrial Output, Retail Sales Miss Expectations

China's industrial production and retail sales grew at weaker than expected rates in August and fixed asset investment logged only a meagre growth, strengthening the call for both monetary and fiscal stimulus. Industrial output expanded 5.2 percent on a yearly basis in August, weaker than the 5.7 percent increase in July, the National Bureau of Statistics reported Monday.
RTTNews | 2j 13min yang lalu
European Economic News Preview: Eurozone Foreign Trade Data Due

European Economic News Preview: Eurozone Foreign Trade Data Due

Foreign trade from Eurozone and wholesale prices from Germany are the top economic news due on Monday. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for August. Economists forecast prices to rise 0.2 percent month-on-month, reversing a 0.1 percent fall in July.
RTTNews | 5j 46min yang lalu
Australian Market Slashes Early Losses In Mid-market

Australian Market Slashes Early Losses In Mid-market

The Australian stock market is slashing its early losses in mid-market trading on Monday, giving up some of the gains in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,850.00 level, with weakness in mining stocks and a mixed performance across other sectors.
RTTNews | 7j 53min yang lalu
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders remain cautious ahead of the anticipated interest rate cut after recent US data signaled softer labor conditions and muted inflation. The escalating geopolitical concerns in the Middle East are also weighing on market sentiment. Asian markets closed mostly higher on Friday.
RTTNews | 8j 5min yang lalu