European Economic News Preview: Germany Business Sentiment Data Due
(RTTNews) - Business confidence data from Germany is the only major report due on Monday, headlining a light day for the European economic news.
At 4.00 am ET, Germany's ifo business confidence survey data is due. The business confidence index is forecast to rise to 90.3 in May from 89.4 in the previous month.
In the meantime, unemployment data is due from Poland. The jobless rate is seen at 5.1 percent in April, down from 5.3 percent in March.
At 5.00 am ET, producer price data is due from Iceland.
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Singapore Industrial Production Data Due On Wednesday
Singapore will on Wednesday release May figures for industrial output, highlighting a light day for Asia-Pacific economic activity.
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4h 2min ago
Dollar Recovers Against Some Major Counterparts
The U.S. dollar turned in a fairly positive performance against its major counterparts on Tuesday, riding on some hawkish comments from Fed officials, and the latest data on consumer confidence and home prices.
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4h 33min ago
U.S. Stocks Close On Mixed Note Again; Technology Stocks Rebound
U.S. stocks closed mixed on Tuesday after a cautious session, as investors looked ahead to the release of some crucial U.S. data, including a report on consumer income and spending, for more clarity about the outlook for Federal Reserve's interest rates.
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4h 58min ago
Swiss Market Ends Moderately Lower
The Switzerland market ended weak on Tuesday, in line with markets across Europe, with investors awaiting some key economic data from the U.S. for more clues about the outlook for Federal Reserve's interest rate moves.
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8h 26min ago
European Stocks Close Lower Ahead Of Crucial Economic Data
European stocks closed on a weak note on Tuesday as investors closely followed the political scene and digested some corporate news from the region, besides looking ahead to U.S. consumer income & spending data for clues about the outlook for Federal Reserve's monetary policy moves.
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8h 59min ago
Canadian Market Drifts Lower After Inflation Data
The Canadian market is down in negative territory Tuesday morning, weighed down by data showing the nation's consumer price inflation unexpectedly increased in May.
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10h 57min ago
US Consumer Confidence Dips On Weaker Economic Expectations
Consumer confidence in the U.S. eased slightly in June as households' economic expectations eroded, survey data from the Conference Board showed Tuesday. The Conference Board Consumer Confidence Index fell to 100.4 from 101.3 in May. Economists had expected a reading of 100.
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11h 13min ago
Spirit Aero Stock Dips On Reports Of Boeing Changing Terms Of Acquisition Offer
Spirit AeroSystems shares were losing more than 5 percent in morning trade on the NYSE after Bloomberg reported that Boeing Co. changed the acquisition terms to stock offer from cash offer. Boeing has now offered to buy its key supplier Spirit AeroSystems Holdings Inc. for about $35 per share in a mostly stock deal, Bloomberg reported citing people familiar with the matter.
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11h 48min ago
