European Economic News Preview: Germany Factory Orders Data Due

RTTNews | 648 dni temu
Stocktwits
European Economic News Preview: Germany Factory Orders Data Due

(RTTNews) - Factory orders and construction Purchasing Managers' survey results from Germany are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to publish Germany's foreign trade figures for July. Orders are seen falling 4.0 percent on month, reversing June's 7.0 percent increase.

At 3.00 am ET, the Czech Statistical Office releases industrial output and foreign trade figures for July.

At 3.30 am ET, construction PMI data is due from Germany.

At 4.30 am ET, UK S&P Global/CIPS construction PMI survey results are due. Economists forecast the construction PMI to fall to 50.5 in August from 51.7 in July.

At 5.00 am ET, Eurostat is slated to release euro area retail sales data for July. Sales are forecast to drop 0.1 percent on month, slower than the 0.3 percent fall in June.

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Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
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The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
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CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

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The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 1 dni temu
FTSE 100 Falls Amidst Israel-Iran Conflict

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Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
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Eurozone Trade Surplus Declines To 3-Month Low

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Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 1 dni temu
Geopolitical Tensions Drag Down CAC 40

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An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
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