Advertisement
European Economic News Preview: Germany Ifo Business Confidence Due
(RTTNews) - Business confidence from Germany is the only major economic report due on Monday, headlining a light day for the European economic news.
At 3.00 am ET, Spain's statistical office INE is set to publish producer prices for May. Producer prices are forecast to fall again by 4.5 percent on a yearly basis in May.
At 4.00 am ET, Germany's Ifo business confidence survey results are due. Economists expect the business sentiment index to fall to 90.7 in June from 91.7 in May.
In the meantime, unemployment data is due from Poland. The jobless rate is forecast to fall to 5.1 percent in May from 5.2 percent in April.
At 7.00 am ET, Germany's central bank is scheduled to issue monthly report.
read more
Canadian Dollar Eases Against Most Majors
The Canadian dollar retreated against its most major counterparts in the New York session on Friday.
RTTNews
|
1 day ago
Swiss Market Ends Sharply Lower
The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews
|
1 day ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment
European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews
|
1 day ago
Canadian Market Remains Weak On Tariff Concerns
After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews
|
1 day ago
Bay Street Likely To Open Lower
Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews
|
2 days ago
Pound Falls As U.K. Economy Contracts For Second Straight Month
The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews
|
2 days ago
Wall Street Likely To Open On Weak Note
Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning.
RTTNews
|
2 days ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
RTTNews
|
2 days ago
