European Economic News Preview: UK Halifax House Price Data Due

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European Economic News Preview: UK Halifax House Price Data Due

(RTTNews) - House prices data from the UK is the only major economic report due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, UK Halifax house price data is due. House prices are forecast to rise 0.2 percent on month in April, after rising 0.8 percent in March.

At 2.45 am ET, the Bank of France releases current account data for March. The current account deficit is seen widening to EUR 3.3 billion from EUR 3.0 billion in February.

Also, France's foreign trade data is due from the customs office. Economists expect the deficit to narrow to EUR 9.3 billion in March from EUR 9.9 billion in February. At 3.00 am ET, the Czech Statistical Office releases industrial and construction output and foreign trade figures. Industrial output is expected to grow 1.9 percent annually after rising 2.0 percent in February.

At 6.00 am ET, industrial production data is due from Ireland.

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Australian Dollar Slides As RBA Cuts Key Interest Rate By 25 Bps

Australian Dollar Slides As RBA Cuts Key Interest Rate By 25 Bps

The Australian dollar weakened against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point as underlying inflation continued to soften and labor conditions eased slightly.
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European Economic News Preview: UK Unemployment Data Due

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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 publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.
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