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European Economic News Preview: Eurozone Flash PMI Data Due

RTTNews | 75 dias atrás

European Economic News Preview: Eurozone Flash PMI Data Due

(RTTNews) - Flash purchasing managers' survey results from the major euro area economies and business sentiment from Germany and France are due on Thursday, headlining a hectic day for the European economic news.

At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data for April. The budget deficit is forecast to rise to GBP 18 billion from GBP 16.4 billion in March.

At 2.45 am ET, France's statistical office INSEE is slated to release business confidence survey data. The business sentiment index is forecast to remain unchanged at 99 in May.

At 3.15 am ET, S&P Global publishes France flash composite PMI results for May. Economists forecast the index to rise to 48.0 from 47.8 in the previous month.

At 3.30 am ET, Germany's flash composite PMI data is due. The composite index is seen at 50.4, down from 50.1 a month ago.

At 4.00 am ET, S&P Global is scheduled to issue flash euro area composite PMI survey results. The composite index is expected to climb to 50.7 in May from 50.4 in April. In the meantime, the ifo Institute publishes Germany's economic sentiment survey data. Economists forecast the business climate index to rise to 87.4 in May from 86.9 in the prior month.

At 4.30 am ET, S&P Global is slated to release UK composite PMI data. The composite index is seen rising to 49.3 in May from 48.5 in April.

At 7.30 am ET, the European Central Bank publishes the account of monetary policy meeting held on April 16 and 17.

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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 49 minutos atrás

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 1 h 54 min atrás

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 1 h 57 min atrás

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 2 h 8 min atrás

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 2 h 37 min atrás

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 2 h 47 min atrás

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 3 h 8 min atrás

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.

RTTNews | 3 h 40 min atrás

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