European Economic News Preview: UK Unemployment Data Due

RTTNews | 826 hari yang lalu
European Economic News Preview: UK Unemployment Data Due

(RTTNews) - The labor market statistics from the UK and flash quarterly national accounts from the euro area are the top economic news due on Tuesday.

At 1.30 am ET, France's statistical office INSEE is set to release quarterly unemployment data. The jobless rate is seen unchanged at 7.3 percent in the fourth quarter.

At 2.00 am ET, UK unemployment and wage figures are due. The jobless rate is forecast to remain at 3.7 percent in three months to December.

Also, wholesale prices from Germany and GDP data from Norway are due.

At 2.30 am ET, the Federal Statistical Office publishes Swiss producer and import prices for January. In the meantime, preliminary GDP data is due from Hungary.

At 4.00 am ET, Statistics Poland is set to issue preliminary GDP data for the fourth quarter. The economy is forecast to shrink 0.4 percent sequentially after expanding 1.0 percent in the preceding period. At 5.00 am ET, Eurostat is scheduled to release euro area flash GDP estimate and employment data for the fourth quarter. The statistical office is likely to confirm the fourth quarter growth at 0.1 percent.

read more
Canadian Dollar Rises As Inflation Climbs

Canadian Dollar Rises As Inflation Climbs

The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.
RTTNews | 5j 34min yang lalu
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.
RTTNews | 6j 22min yang lalu
European Stocks Recover After Weak Start, Close Broadly Higher

European Stocks Recover After Weak Start, Close Broadly Higher

European stocks closed broadly higher on Tuesday amid easing tariff worries, and expectations that Russia and Ukraine would soon begin ceasefire negotiations. The UK-EU trade agreement on Monday contributed as well to the positive mood in European markets.
RTTNews | 6j 43min yang lalu
TSX Extends Gains To 10th Straight Session, Hits New Record High

TSX Extends Gains To 10th Straight Session, Hits New Record High

Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.
RTTNews | 8j 14min yang lalu
Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.
RTTNews | 9j 14min yang lalu
U.S. Dollar Slides Amid U.S. Tariff Uncertainty

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
RTTNews | 12j 10min yang lalu