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European Economic News Preview: Italy Final CPI Data Due
(RTTNews) - Final consumer and harmonized price data from Italy is the only major economic report due on Monday.
At 2.00 am ET, Statistics Norway is scheduled to issue foreign trade data for March.
At 4.00 am ET, Italy's Istat publishes final consumer and harmonized prices for March. The flash estimate showed that consumer price inflation slowed to 7.7 percent from 9.1 percent in February. The statistical office is set to confirm the flash estimate. At 8.00 am ET, core inflation figures are due from Poland. Core inflation is seen at 12.2 percent in March versus 12.0 percent in February.
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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.
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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.
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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.
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4h 2min ago
Wall Street Likely To Open On Weak Note
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4h 20min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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4h 24min ago
Yen Retreats Amid US-Japan Trade Uncertainty
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FTSE 100 Down 0.5% On Tariff Concerns, Weak GDP Data
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5h 15min ago
UK Economy Contracts For Second Straight Month
The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
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5h 43min ago
