European Economic News Preview: Italy Industrial Production Data Due

RTTNews | 756 days ago
Stocktwits
European Economic News Preview: Italy Industrial Production Data Due

(RTTNews) - Industrial production from Italy is the only major statistical report due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway is scheduled to issue consumer price data for May. Consumer price inflation is forecast to slow to 6.2 percent from 6.4 percent in April.

In the meantime, Statistics Sweden releases household consumption and industrial output data.

At 3.00 am ET, industrial output figures are due from Austria. At 4.00 am ET, Italy's statistical office ISTAT releases industrial production data for April. Economists forecast industrial output to grow 0.1 percent on month, in contrast to the 0.6 percent decrease in March.

At 5.00 am ET, the Hellenic Statistical Authority is set to issue Greece inflation figures for May.

At 6.30 am ET, Russia's central bank announces its interest rate decision. The bank is widely expected to hold its key interest rate at 7.50 percent.

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German Factory Orders Log Bigger-Than-Expected Fall

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 2h 13min ago
Bay Street Headed For Weak Start

Bay Street Headed For Weak Start

Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
RTTNews | 2h 36min ago
UK Construction Sector Contraction Slowest In 6 Months

UK Construction Sector Contraction Slowest In 6 Months

UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 2h 44min ago
U.S. Dollar Falls On U.S. Tariff Uncertainty

U.S. Dollar Falls On U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Friday, as the unpredictable economic policies of U.S. President Donald Trump and the decline in trust in the Federal Reserve, led to the downturn of USD.
RTTNews | 3h 9min ago
FTSE 100 Modestly Lower

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CAC 40 Notably Lower As Stocks Fall On Tariff Uncertainty

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