European Economic News Preview: Eurozone Economic Confidence Data Due

RTTNews | 135 days ago
European Economic News Preview: Eurozone Economic Confidence Data Due

(RTTNews) - Economic sentiment survey results and monetary aggregates from the euro area are due on Thursday, headlining a busy day for the European economic news.

At 3.00 am ET, the State Secretariat for Economic Affairs releases Swiss GDP data for the fourth quarter. The economy is forecast to grow 0.2 percent sequentially after rising 0.4 percent in the third quarter.

At 3.00 am ET, Spain's INE publishes flash consumer and harmonized prices for February. Consumer price inflation is seen rising to 3.0 percent from 2.9 percent in January.

At 4.00 am ET, monetary aggregates data from the euro area is due. M3 is expected to grow 3.8 percent year-on-year in January after rising 3.5 percent in December.

In the meantime, consumer and business confidence survey results are due from Italy.

At 5.00 am ET, the European Commission publishes economic sentiment survey data for February. The economic confidence index is forecast to rise to 96.0 from 95.2 in January.

At 7.30 am ET, the European Central Bank is slated to release account of the governing council meeting held on January 29 and 30.

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 1 day ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 1 day ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 1 day ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 1 day ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 1 day ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 1 day ago