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European Economic News Preview: UK Inflation Data Due
(RTTNews) - Consumer prices from the UK and foreign trade 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 prices for June. Inflation is forecast to remain unchanged at 3.4 percent.
At 4.00 am ET, final consumer price data is due from Italy. The flash estimate showed that CPI inflation rose to 1.7 percent in June from 1.6 percent in May.
At 5.00 am ET, external trade figures are due from the euro area. Economists forecast the trade surplus to rise to EUR 12.0 billion in May from EUR 9.9 billion in April.
In the meantime, Italy's statistical office ISTAT publishes foreign trade data.
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Eurozone Retail Sales Fall More Than Forecast
Eurozone retail sales declined more than expected in July largely reflecting a notable fall in food and auto fuel sales, official data showed Thursday. Retail sales posted a monthly fall of 0.5 percent, in contrast to the 0.6 percent increase in June, Eurostat reported. Sales were expected to fall 0.3 percent.
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12分前
UK Construction Sector Continues To Shrink
The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
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31分前
European Shares Mostly Higher Before Debt Sales
European stocks were mostly higher on Thursday as bond market worries subsided, and investors awaited Eurozone retail sales data as well as debt auctions in France and the United Kingdom for direction.
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59分前
Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend
Asian stocks rose broadly on Thursday, even as Chinese and Hong Kong markets ended sharply lower following reports that China's financial regulators are considering a number of cooling measures for the stock market, including lifting certain short selling restrictions, increasing checks on speculative trades, and discouraging heavy retail participation.
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1時19分前
German Construction Sector Downturn Deepens
Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
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1時43分前
Australia Trade Surplus At 17-Month High; Household Spending Growth Rises
Australia's trade surplus surged to the highest level in more than a year in July and household spending growth accelerated for the third straight month in July, official data showed on Thursday. The trade surplus increased unexpectedly to A$7.3 billion in July from A$5.4 billion in June, the Australian Bureau of Statistics said.
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2時43分前
European Shares Seen Tad Higher At Open On Fed Rate Cut Hopes
European stocks may open flat to slightly higher on Thursday as a bond market sell-off stabilized and dovish Fed comments coupled with weak U.S. data reinforced rate-cut bets.
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4時25分前
Sensex, Nifty Rally On GST Rejig
Indian shares opened on a buoyant note on Thursday after Finance Minister Nirmala Sitharaman announced significant GST rate cuts, effective September 22.
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5時22分前
