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European Economics Preview: Germany Producer Price Data Due
(RTTNews) - Producer prices data from Germany is due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is set to issue Germany's producer prices for May. Producer price inflation is expected to remain unchanged at 33.5 percent.
At 4.00 am ET, Greece current account data is due for April. The deficit totaled EUR 2.33 billion in March.
At 5.00 am ET, Eurostat is scheduled to release eurozone construction output data for April. Production had increased 3.3 percent annually in March.
At 9.00 am ET, European Central Bank President Christine Lagarde is set to give introductory statement before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium.
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Lower Open Anticipate For South Korea Shares
The South Korea stock market on Friday snapped the two-day winning streak in which it had jumped more than 80 points or 3.1 percent. The KOSPI now rests just beneath the 2,700-point plateau and it may extend its losses on Monday.
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Japan Capital Spending Data Due On Monday
Japan will on Monday release Q1 figures for capital spending, highlighting a modest day for Asia-Pacific economic activity. In the previous three months, capex was down 0.2 percent on year.
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TSX Settles Lower As Trade Tensions Resurface
Despite hitting record highs earlier in the week, the Canadian market ended weak for a second straight day as trade tensions weighed on sentiment, prompting investors to tread cautiously on Friday.
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Crude Oil Prices Slip On Friday
Crude suffered a weekly loss of more than 1 percent due to uncertainty over U.S. President Donald Trump's tariffs and their likely impact on global growth and fuel demand.
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Pound Drops As Trade Tensions Renew
The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.
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Weighed Down By Tariff Uncertainty, Gold Slides
The swift changes in successive US court rulings on tariffs and a softer inflation report caused a slide in gold price on Friday.
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Swiss Market Ends Modestly Higher
Save for a few minutes at the start when it stayed a bit weak, the Switzerland market remained positive on Friday, and despite coming off the day's high hit around noon, ended the session modestly higher.
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Major European Markets Close Slightly Higher
Despite uncertainty surrounding Trump administration's tariff plans, The major European markets mostly closed higher on Friday.
Trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month, but investors picked up stocks amid expectations of an interest rate cut by the European Central Bank.
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