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

RTTNews | 31 days ago

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

(RTTNews) - Industrial production and foreign trade from the euro area and final inflation figures from Germany and France are the top economic news due on Friday.

At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices and wholesale prices for May. The flash estimate showed that consumer price inflation remained unchanged at 2.1 percent.

At 2.45 am ET, final inflation figures are due from France. The statistical office is expected to confirm that the CPI inflation slowed to 0.7 percent in May from 0.8 percent in April.

At 3.00 am ET, Spain's INE releases final consumer prices for May. According to preliminary estimate, consumer price inflation was 1.9 percent, down from 2.2 percent in April.

At 4.00 am ET, Italy's ISTAT is slated to release foreign trade figures for April. The trade surplus is expected to fall to EUR 2.7 billion from EUR 3.66 billion in March.

At 5.00 am ET, Eurostat publishes euro area industrial production and foreign trade figures. Economists expect industrial output to fall 1.6 percent month-on-month in April, reversing a 2.6 percent rise in March. The trade surplus is seen at EUR 18.2 billion compared to EUR 36.8 billion in March.

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Swiss Market Settles Slightly Up After Lackluster Session

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The Switzerland market, which remained in the red save for a brief while at the fag end of the day's session, settled with a small gain on Monday. The mood in the market was very cautious as trade war fears escalated after U.S. President Donald Trump announced over the weekend that he would impose a 30% tariff on EU imports from August 1.

RTTNews | 1h 16min ago

European Stocks Close Mostly Lower

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Bay Street Likely To Open On Mixed Note

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Canadian shares may open on a mixed note Monday morning, tracking a weak lead from European markets and firm commodity prices. The mood is likely to be cautious as investors await Canadian inflation data for the month of June on Tuesday.

RTTNews | 6h 48min ago

Pound Falls As Traders Speculate BoE Rate Cut Decision

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The British pound weakened against other major currencies in the European session on Monday, as traders speculate that the Bank of England (BoE) is likely to reduce its interest rate in the next month's monetary policy decision.

RTTNews | 7h 13min ago

FTSE 100 Modestly Higher

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Dollar Rebounds As Trade War Escalates

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A steep escalation in the trade related tensions between the U.S. and its trade partners boosted the dollar and the Dollar Index during the week ended July 11.

RTTNews | 7h 39min ago

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Monday.

RTTNews | 7h 40min ago

CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment

CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment

French stocks are down in negative territory on Monday, weighed down by trade war concerns following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.

RTTNews | 7h 51min ago

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