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European Economic News Preview: Eurozone GDP Data Due

RTTNews | vor 1 Tagen

European Economic News Preview: Eurozone GDP Data Due

(RTTNews) - Flash quarterly national accounts from the euro area and other major economies are due on Wednesday, headlining a busy day for the European economic news.

At 1.30 am ET, France's statistical office INSEE publishes GDP and consumer spending data. The economy is forecast to grow 0.1 percent sequentially in the second quarter, the same rate of growth as seen in the first quarter.

At 2.00 am ET, Destatis publishes Germany's retail sales for June. Economists forecast sales to grow 0.5 percent month-on-month, in contrast to the 1.6 percent fall in May.

At 3.00 am ET, Spain's INE releases preliminary inflation figures for July. Consumer price inflation is seen at 2.3 percent, unchanged from June.

At 4.00 am ET, Germany's GDP data is due. The largest euro area economy is forecast to shrink 0.1 percent in the second quarter, in contrast to the 0.4 percent expansion seen in the first quarter.

In the meantime, Italy's statistical office ISTAT is scheduled to issue GDP data. Economists forecast GDP to grow 0.1 percent sequentially in the second quarter after rising 0.3 percent in the first quarter.

At 5.00 am ET, Eurostat publishes euro area flash GDP data for the second quarter. Economists expect the currency bloc to remain flat after expanding 0.6 percent in the first quarter.

Also, European Commission is slated to release euro area economic sentiment survey results at 5.00 am. The economic confidence index is seen at 94.5 in July, up from 94.0 in June.

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European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | vor 15 Minuten

U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | vor 3Std 3 Minuten

German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | vor 3Std 46 Minuten

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | vor 3Std 53 Minuten

U.S. Consumer Prices Increase In Line With Estimates In June

U.S. Consumer Prices Increase In Line With Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June.

RTTNews | vor 4Std 36 Minuten

Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.

RTTNews | vor 4Std 41 Minuten

U.S. Weekly Jobless Claims Inch Up Less Than Expected

U.S. Weekly Jobless Claims Inch Up Less Than Expected

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday.

RTTNews | vor 4Std 46 Minuten

FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar

FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar

The UK stock market is up in positive territory Thursday afternoon, riding on some strong earnings and guidance updates from big name companies. Investors are also reacting to the latest developments on the tariff front.

RTTNews | vor 5Std 15 Minuten

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