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European Economic News Preview: UK GDP Data Due
(RTTNews) - GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is forecast to grow 0.2 percent on month in August, in contrast to the 0.5 percent decrease in July.
At 4.30 am ET, the Bank of England publishes Credit Conditions survey results.
At 6.00 am ET, consumer price figures are due from Ireland and Portugal.
At 7.30 am ET, the European Central Bank releases the account of the monetary policy meeting of the Governing Council held on September 13 and 14.
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Australian Market Extends Early Gains In Mid-market
The Australian market is extending early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 9,000 mark to fresh all-time highs, with gains across most sectors led by mining, financial and energy stocks.
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Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after reports indicated the Trump administration is looking into the federal government taking equity stakes in Intel and other chipmakers in return for the federal subsidies. Traders also remain optimistic about the US Fed cutting interest rates is September.
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Sensex, Nifty Seen Opening On Flat Note After Recent Gains
Indian shares look set to open on a flat note Thursday following five consecutive sessions of gains. Overall losses, if any, may remain limited amid renewed hopes of peace between Russia and Ukraine.
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Renewed Selling Pressure Tipped For Thai Stock Market
The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
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Japanese Market Notably Lower
The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
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Australian Market Notably Higher
The Australian market is trading notably higher on Thursday, following the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,950 level to record all-time highs, with gains across most sectors led by mining and energy stocks.
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Indonesia Stock Market May Head South Again On Thursday
The Indonesia stock market on Wednesday ended the two-day losing streak in which it had dropped almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just beneath the 7,950-point plateau although it may hand back those gains on Thursday.
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Lower Open Anticipated For Hong Kong Shares
The Hong Kong stock market on Wednesday ended the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just above the 25,165-point plateau although it may open under water on Thursday.
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