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European Economic News Preview: UK Inflation Data Due

RTTNews | Pred 698 dňami

European Economic News Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK and revised quarterly national accounts from the euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for July. Consumer price inflation is expected to ease to 6.8 percent from 7.9 percent in June. Output prices are forecast to fall 1.3 percent on a yearly basis, in contrast to the 0.1 percent rise in June.

At 2.30 am ET, the Hungarian Statistical Office publishes preliminary GDP data for the second quarter.

At 3.30 am ET, flash GDP, household consumption and foreign trade figures are due from the Netherlands.

At 4.00 am ET, Statistics Poland is scheduled to release the second quarter GDP data. The economy is forecast to shrink 2.5 percent sequentially after expanding 3.8 percent a quarter ago.

At 5.00 am ET, Eurostat is slated to publish euro area GDP and industrial production data. The initial estimate showed that the 20-nation currency bloc expanded 0.3 percent in the second quarter after remaining flat in the preceding period.

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Swiss Market Settles Slightly Up After Lackluster Session

Swiss Market Settles Slightly Up After Lackluster Session

The Switzerland market, which remained in the red save for a brief while at the fag end of the day's session, settled with a small gain on Monday. The mood in the market was very cautious as trade war fears escalated after U.S. President Donald Trump announced over the weekend that he would impose a 30% tariff on EU imports from August 1.

RTTNews | Pred 3 h 3 min

European Stocks Close Mostly Lower

European Stocks Close Mostly Lower

Despite staging a recovery in late afternoon trades, European markets mostly ended on a weak note on Monday as worries about global trade escalated after U.S. President Donald Trump announced over the weekend that he would levy a 50% tariff on EU imports from August 1.

RTTNews | Pred 3 h 23 min

Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Monday morning, tracking a weak lead from European markets and firm commodity prices. The mood is likely to be cautious as investors await Canadian inflation data for the month of June on Tuesday.

RTTNews | Pred 8 h 36 min

Pound Falls As Traders Speculate BoE Rate Cut Decision

Pound Falls As Traders Speculate BoE Rate Cut Decision

The British pound weakened against other major currencies in the European session on Monday, as traders speculate that the Bank of England (BoE) is likely to reduce its interest rate in the next month's monetary policy decision.

RTTNews | Pred 9 h 1 min

FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The U.K. market is up in positive territory on Monday, even as other major markets in Europe are languishing in negative territory amid rising concerns about trade war following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.

RTTNews | Pred 9 h 13 min

Dollar Rebounds As Trade War Escalates

Dollar Rebounds As Trade War Escalates

A steep escalation in the trade related tensions between the U.S. and its trade partners boosted the dollar and the Dollar Index during the week ended July 11.

RTTNews | Pred 9 h 26 min

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Monday.

RTTNews | Pred 9 h 28 min

CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment

CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment

French stocks are down in negative territory on Monday, weighed down by trade war concerns following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.

RTTNews | Pred 9 h 38 min

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