European Economic News Preview: France Industrial Output Data Due
RTTNews
|
344 days ago
(RTTNews) - Industrial production from France and unemployment from Spain are the only important economic data due on Friday.
At 2.45 am ET, France's statistical office Insee publishes industrial output for April. Production is expected to grow 0.3 percent on month, in contrast to the 1.1 percent decrease in March.
At 3.00 am ET, Spain's unemployment data is due. Economists forecast unemployment to fall 40,100 in May following a decrease of 73,900 in April.
In the meantime, final GDP data is due from Austria. The preliminary estimate showed that the economy shrank 0.3 percent sequentially after remaining flat a quarter ago.
At 4.00 am ET, unemployment data is due from Norway.
read more
TSX Retreats After Hitting Fresh Intra-day High, Ends Modestly Lower
After opening higher and holding in positive territory till late morning, Canadian stocks retreated on Friday to eventually end the day's session on a weak note.
RTTNews
|
8h 43min ago
Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar gained some ground against its major counterparts on Friday, but retreated a bit subsequently, as traders looked ahead to the release of the crucial U.S. inflation data, due early next week, for more clues about the outlook for Federal Reserve's interest rate trajectory.
RTTNews
|
9h 37min ago
Swiss Market Ends On Strong Note
Swiss stocks closed on a buoyant note on Friday, tracking gains in global markets amid optimism several central banks will start cutting interest rates soon.
RTTNews
|
12h 52min ago
U.S. Dollar Rises Ahead Of Inflation Data
The U.S. dollar was higher against its major counterparts in the New York session on Friday, as investors awaited the release of U.S. inflation data for April next week, which will guide the outlook for Fed rate cuts.
RTTNews
|
13h 1min ago
European Stocks Close Higher Again, End Week On Bright Note
European stocks closed higher on Friday, with several markets hitting fresh record highs, as investors reacted to some positive economic data and earnings updates, and continued to remain optimistic about interest rate cuts by central banks in the coming months.
RTTNews
|
13h 17min ago
Canadian Market Down Marginally As Investors React To Earnings, Jobs Data
The Canadian market is down marginally in early afternoon trades on Friday with investors digesting the nation's jobs data, and a slew of corporate earnings updates.
RTTNews
|
14h 5min ago
U.S. Consumer Sentiment Tumbles To Six-Month Low In May
A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the month of May. The University of Michigan said its consumer sentiment index plunged to 67.4 in May from 77.2 in April. Economists had expected the index to edge down to 76.0.
RTTNews
|
16h 16min ago
Better Than Expected Q1 Growth Leads UK Out Of Recession
The UK economy ended a technical recession in the first quarter with the economic output growing better than expected and also marked the strongest since late 2021 led by a rebound in the services output and household spending. Gross domestic product grew 0.6 percent from the fourth quarter, when the economy shrunk 0.3 percent, preliminary estimates from the Office for National Statistics showed.
RTTNews
|
18h 8min ago