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European Economic News Preview: Eurozone GDP Data Due
(RTTNews) - Revised quarterly national accounts data from the euro area is due on Thursday, headlining a light day for the European economic news.
At 1.30 am ET, France non-farm payroll data is due for the first quarter.
At 2.30 am ET, the Hungarian Statistical Office publishes consumer prices and flash foreign trade data. Inflation is forecast to slow to 22.3 percent in May from 24.8 percent in April.
At 5.00 am ET, Eurostat releases euro area quarterly GDP data for the first quarter. The initial estimates showed that the currency-bloc of 20 nations grew only 0.1 percent after stabilizing in the fourth quarter.
At 6.00 am ET, consumer price data is due from Ireland. Consumer prices had increased 7.2 percent in April.
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TSX Settles Roughly Flat
The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.
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10h 19min ago
Euro Climbs Against Most Majors
The euro firmed against its most major counterparts in the New York session on Friday.
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14h 18min ago
Swiss Market Ends Slightly Down
After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
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17h 3min ago
European Stocks Close Weak As Tariff Concerns Weigh On Sentiment
European stocks closed lower on Friday amid concerns about U.S. tariffs, and on some disappointing regional economic data.
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17h 23min ago
TSX Up Marginally After Posting New Record High
The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
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18h 32min ago
German Factory Orders Log Bigger-Than-Expected Fall
Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
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22h 0min ago
Bay Street Headed For Weak Start
Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
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22h 23min ago
UK Construction Sector Contraction Slowest In 6 Months
UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
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22h 30min ago
