European Economic News Preview: Eurozone Final Inflation Data Due

RTTNews | 652 days ago
Stocktwits
European Economic News Preview: Eurozone Final Inflation Data Due

(RTTNews) - Final inflation and current account figures from the euro area are the top economic news due on Tuesday.

At 2.00 am ET, Switzerland's customs office is scheduled to issue foreign trade data for August. The trade surplus totaled CHF 2.6 billion in July.

At 3.00 am ET, final inflation data is due from Austria. The initial estimate showed that consumer price inflation rose to 7.5 percent in August from 7.0 percent in July.

At 4.00 am ET, the European Central Bank publishes euro area current account figures for July. The current account surplus is seen at EUR 30.2 billion compared to EUR 35.84 billion in June.

At 5.00 am ET, Eurostat releases euro area final consumer price data for August. The statistical office is expected to confirm inflation at 5.3 percent, which was unchanged down from July.

In the meantime, current account data is due from Italy.

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Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris

Media firm Paramount Global has agreed to pay $16 million to settle a legal dispute with U.S. President Donald Trump, over its '60 Minutes' interview with former Vice President Kamala Harris, reports said. The interview was broadcast on Paramount's affiliated CBS network last year, ahead of the 2024 Presidential election.
RTTNews | 2h 9min ago
Bay Street Likely To Open With Positive Bias

Bay Street Likely To Open With Positive Bias

Canadian shares look set to open with a positive bias on Wednesday, tracking steady European markets and higher crude oil prices. Optimism about Canada and the U.S. striking a trade deal is likely to help underpin sentiment.
RTTNews | 3h 37min ago
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.
RTTNews | 4h 14min ago
FTSE 100 Up Marginally In Cautious Trade

FTSE 100 Up Marginally In Cautious Trade

The U.K. market is up marginally a little past noon on Wednesday with stock moving in a tight range as investors await fresh developments on the trade front.
RTTNews | 4h 28min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Wednesday.
RTTNews | 4h 43min ago
CAC 40 Notably Higher; ArcelorMittal, LVMH Among Prominent Gainers

CAC 40 Notably Higher; ArcelorMittal, LVMH Among Prominent Gainers

French stocks are up firmly in positive territory on Wednesday, recovering well from previous session's losses. Investors are continuing to focus on the developments on the trade front ahead of the July 9 deadline for U.S.' reciprocal tariffs.
RTTNews | 4h 59min ago
German Market Up Slightly; Auto Stocks Move Higher

German Market Up Slightly; Auto Stocks Move Higher

German stocks are up in positive territory on Wednesday after back-to-back losses, with investors making some selective buying while closely watching the trade negotiations after U.S. President Donald Trump ruled out the possibility of any extension beyond the July 9 deadline for reciprocal tariffs.
RTTNews | 5h 37min ago
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