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European Economic News Preview: German Consumer Confidence Data Due
(RTTNews) - Consumer confidence survey results from Germany and France are the major reports due on Wednesday, headlining a light day for the European economic news.
At 2.45 am ET, France's statistical office INSEE is scheduled to release consumer sentiment survey results.
At 3.00 am ET, Spain's statistical office INE publishes retail sales data for October. Sales had increased 4.1 percent in September.
At 4.00 am ET, unemployment data is due from Poland.
At 4.30 am ET, the market research group GfK releases Germany's consumer confidence survey data. The forward-looking consumer sentiment index is expected to fall to -18.8 in December from -18.3 in November.
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Additional Support Predicted For Malaysia Stock Market
The Malaysia stock market has moved higher in four straight sessions, collecting almost 30 points or 2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,555-point plateau and it's got another green light for Monday's trade.
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Rebound Anticipated For South Korea Stock Market
The South Korea stock market on Friday wrote a finish to the four-day winning streak in which it had jumped almost 110 points or 3.6 percent. The KOSPI now sits just above the 3,210-point plateau although it may bounce higher again on Monday.
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Indonesia Retail Sales Data Due On Monday
Indonesia will on Monday release July figures for retail sales, highlighting a light day for Asia-Pacific economic activity. In June, sales were up 1.9 percent on year.
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Canadian Dollar Falls Against Most Majors
The Canadian dollar dropped against its most major counterparts in the New York session on Friday.
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Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
The Canadian market is up in positive territory Friday afternoon with investors largely reacting to quarterly earnings announcements, and the nation's jobs data, in addition to weighing the impact of tariffs on global economic growth.
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Swiss Market Ends Marginally Up
The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves.
A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
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Major European Markets Close On Mixed Note
Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
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Positive Start Seen For Canadian Stocks
Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment.
Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
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