European Economic News Preview: ECB Set To Cut Rates

RTTNews | 75 gün önce
European Economic News Preview: ECB Set To Cut Rates

(RTTNews) - The European Central Bank is likely to cut its interest rates on Thursday as inflation softened amid weaker economic growth. Markets expect the bank to lower the policy rates by 25 basis points. The deposit facility rate is likely to be reduced to 2.50 percent from 2.75 percent.

The policy announcement is due at 8.15 AM ET. ECB President Christine Lagarde will hold customary press conference at 8.45 am ET.

Other major reports due for the day are retail sales from the euro area and construction Purchasing Managers' survey results from Germany and the UK. At 3.30 am ET, S&P Global publishes Germany's construction PMI data.

At 4.30 am ET, the UK construction PMI survey results are due. Economists expect the construction PMI to rise to 49.5 in February from 48.1 in January.

At 5.00 am ET, Eurostat releases euro area retail sales data for January. Sales are expected to grow 0.1 percent on month, reversing a 0.2 percent fall in December.

read more
Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up

Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up

Home Depot Inc. reported Tuesday weak first-quarter profit below market estimates, while sales grew from last year and beat the Street view with slightly higher comparable sales in the U.S. Further, the home improvement retailer maintained its fiscal 2025 guidance, expecting weak earnings, but higher sales and comparable sales. In the pre-market activity on the NYSE, Home Depot shares were gaining
RTTNews | 23 dakika önce
CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French market is modestly higher in cautious trade on Tuesday with investors closely following the developments on the geopolitical front. Tensions between Russia and Ukraine linger despite an announcement from U.S. President Donald Trump that the two nations would soon begin ceasefire negotiations.
RTTNews | 36 dakika önce
DAX Up Over 0.5% In Cautious Trade

DAX Up Over 0.5% In Cautious Trade

German stocks are up in positive territory on Tuesday amid easing concerns about tariffs, and in reaction to the widely expected interest rate cut by the People's Bank of China.
RTTNews | 55 dakika önce
European Shares Inch Higher In Lackluster Trade

European Shares Inch Higher In Lackluster Trade

European shares inched higher on Tuesday as investors watched the latest developments on the trade front and reacted to widely expected rate cuts in China to stimulate consumption and loan growth.
RTTNews | 1s 56 dakika önce
Australian Dollar Falls After RBA Rate Cut Decision

Australian Dollar Falls After RBA Rate Cut Decision

The Australian dollar weakened against other major currencies in the Asian session on Tuesday, Australia's central bank lowered its benchmark rate by a quarter-point on Tuesday as risks to inflation became more balanced.
RTTNews | 2s 9 dakika önce