European Economic News Preview: Eurozone GDP, Industrial Output Data Due

RTTNews | 235 days ago
European Economic News Preview: Eurozone GDP, Industrial Output Data Due

(RTTNews) - Flash GDP and industrial production from the euro area and the account of the monetary policy meeting from the European Central Bank are the top economic news due on Thursday. At 3.00 am ET, Spain's INE is scheduled to issue final inflation data for October. The flash estimate showed that consumer price inflation rose to 1.8 percent from 1.5 percent in the previous month.

At 5.00 am ET, Eurostat is set to publish euro area flash GDP estimate and industrial production figures. The preliminary flash estimate showed that the Eurozone GDP grew 0.4 percent sequentially in the third quarter after rising 0.2 percent in the second quarter. The statistical office is expected to confirm the estimate published on October 30.

Eurozone industrial output is forecast to fall 1.3 percent on month in September, in contrast to the 1.8 percent increase in August.

At 7.30 am ET, the European Central Bank publishes the account of the monetary policy meeting of the Governing Council held on October 16 and 17. At the meeting, the bank had reduced the key interest rates by 25 basis points.

read more
Swiss Market Slumps On Monday

Swiss Market Slumps On Monday

The Swiss stock market extended its losing streak to three sessions on Monday, shedding almost 40 points or 0.3 percent since the middle of last week.
RTTNews | 2h 7min ago
European Markets Close Mixed On Monday

European Markets Close Mixed On Monday

The major European markets closed mixed on Monday, mired in uncertainty over U.S. trade policies after the Trump administration indicated the deadline for imposing new tariffs on U.S. trade partners has been extended until August 1st.
RTTNews | 2h 16min ago
Tesla Shares Hit By Elon Musk's Plan To Form New Political Party

Tesla Shares Hit By Elon Musk's Plan To Form New Political Party

Tesla Inc. shares were losing around 8% in the morning trading on the Nasdaq on Monday after CEO Elon Musk announced his plans to launch a new U.S. political party following his ongoing feud with President Donald Trump over the 'One Big, Beautiful Bill.' Tesla founder and the former head of the Department of Government Efficiency or DOGE, launched the 'America Party' on Saturday in the latest...
RTTNews | 3h 48min ago
FTSE 100 Trades Below The Flatline

FTSE 100 Trades Below The Flatline

Persisting tensions on the trade front and growing concerns over U.K.'s fiscal outlook dampened sentiment and dragged down the FTSE 100 to negative territory.
RTTNews | 5h 50min ago
Domino's Pizza's Online $9.99 Offer Of Any Pizza With Any Toppings On July 7- Aug. 3

Domino's Pizza's Online $9.99 Offer Of Any Pizza With Any Toppings On July 7- Aug. 3

Domino's Pizza Inc., the largest pizza company in the world, announced its "Best Deal Ever' promotion, offering any pizza with any toppings for $9.99 each when they order online between July 7 and August 3. Domino's $9.99 deal includes Hand Tossed, Handmade Pan, New York Style, Gluten Free and Crunchy Thin Crust, as well as an assortment of sauces and toppings.
RTTNews | 5h 56min ago
CAC 40 Gains Amidst Trade Jitters

CAC 40 Gains Amidst Trade Jitters

Despite trade related uncertainties, the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris has gained more than a quarter percent on Tuesday.
RTTNews | 6h 21min ago
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen
RTTNews | 7h 3min ago