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European Economic News Preview: France Foreign Trade Data Due
(RTTNews) - Foreign trade data from France and industrial production from Italy are due on Friday, headlining a light day for the European economic news.
At 2.45 am ET, France's customs office is slated to publish external trade data for September. The trade deficit is forecast to narrow to EUR 7.0 billion from EUR 7.4 billion in August.
At 4.00 am ET, Italy's ISTAT publishes industrial output data for September. Production is expected to fall 0.4 percent on month, in contrast to the 0.1 percent rise in August.
At 6.00 am ET, retail sales data is due from Italy. Economists forecast sales to grow 0.2 percent on month in September, reversing a 0.5 percent fall in the previous month.
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U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
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1小时22分钟前
UK Economy Flatlines In July
The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
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2小时55分钟前
Bay Street Likely To Open On Mixed Note
Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
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3小时34分钟前
Russia Central Bank Cuts Rate By 100 Bps
Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
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3小时47分钟前
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Friday.
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4小时7分钟前
FTSE 100 Modestly Higher As Miners Rise
The UK market is up in positive territory a little past noon on Friday, supported by solid gains in the mining sector thanks to higher metal prices.
Investors are also digesting the data showing the UK economy stagnated in July as expansions in services and construction sectors were offset by the decline in industrial production.
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4小时48分钟前
CAC 40 Down Nearly 0.5%
French stocks are exhibiting weakness on Friday with investors largely cautious ahead of Fitch Ratings' review of France's sovereign credit rating. Expectations of a rate cut by the Federal Reserve next week appear to be limiting market's downside.
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5小时6分钟前
DAX Modestly Lower In Cautious Trade; Auto Stocks Among Major Losers
German stocks are down in negative territory on Friday in cautious trade amid concerns about a possible downgrade of France's sovereign rating. Optimism about an interest rate cut by the Federal Reserve next week helps limit market's downside.
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5小时22分钟前
