European Economic News Preview: Germany Inflation, Unemployment Data Due

RTTNews | 741 days ago
Stocktwits
European Economic News Preview: Germany Inflation, Unemployment Data Due

(RTTNews) - Flash inflation and unemployment from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's import price data for April. Import prices are forecast to fall at a faster pace of 5.9 percent annually after a 3.8 percent decrease in March.

At 2.30 am ET, the Federal Statistical Office releases Swiss retail sales for April. Economists expect sales to fall 1.4 percent annually after declining 1.9 percent in March.

At 2.45 am ET, France's statistical office INSEE is set to publish revised GDP, flash consumer prices, consumer spending and producer price data. The economy is expected to grow 0.1 percent sequentially in the first quarter, as initially estimated. Consumer price inflation is forecast to slow to 5.7 percent in May from 5.9 percent in April.

At 3.55 am ET, the Federal Labor Agency releases Germany's unemployment data for May. The jobless rate is seen unchanged at 5.6 percent in May.

At 4.00 am ET, revised GDP data is due from Italy. The economy is expected to grow 0.5 percent in the first quarter, in line with flash estimate.

At 8.00 am ET, Destatis publishes Germany's flash inflation figures. Economists forecast consumer price inflation to rise slightly to 7.3 percent in May from 7.2 percent in April.

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Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 1h 4min ago
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and industrial production from Italy are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.6 percent in three months to April from 4.5 percent in the preceding period.
RTTNews | 2h 1min ago
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.
RTTNews | 2h 49min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
RTTNews | 3h 30min ago
Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.
RTTNews | 3h 57min ago
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
RTTNews | 4h 28min ago
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