Advertisement
European Economic News Preview: Italy Retail Sales Data Due
(RTTNews) - Retail sales data from Italy is the major statistical report due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Sweden is scheduled to release industrial output, new orders and household consumption data for December.
At 4.00 am ET, Italy's Istat publishes retail sales data for December. Sales are forecast to fall 0.8 percent on a monthly basis, reversing a 0.8 percent rise in November.
At 6.00 am ET, unemployment data is due from Portugal.
At 10.00 am ET, Poland's central bank is set to announce its monetary policy decision. The bank is likely to maintain its key interest rate at 6.75 percent.
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
|
2 days 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
|
2 days 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
|
2 days 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
