European Economic News Preview: UK Retail Sales Data Due

RTTNews | 601 days ago
European Economic News Preview: UK Retail Sales Data Due

(RTTNews) - Retail sales from the UK and final inflation from the euro area are the top economic news due on Friday.

At 2.00 am ET, the Office for National Statistics releases UK retail sales figures for October. Sales are forecast to fall 0.3 percent on month, in contrast to the 0.9 percent fall in September.

In the meantime, unemployment data is due from Sweden.

At 3.00 am ET, final consumer price data is due from Austria. The flash estimate showed that inflation eased to 5.4 percent in October from 6.0 percent in September.

At 3.30 am ET, European Central Bank President Christine Lagarde is set to speak at 33rd Frankfurt European Banking Congress in Germany.

At 4.00 am ET, the ECB publishes euro area current account data for September. The surplus is forecast to fall to EUR 20.3 billion from EUR 27.7 billion in August. At 5.00 am ET, Eurostat releases euro area final HICP data for October. Inflation is forecast to ease to 2.9 percent, as initially estimated, from 4.3 percent in September.

read more
U.S. Jobless Claims Unexpectedly Slip To 227,000

U.S. Jobless Claims Unexpectedly Slip To 227,000

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 2h 10min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Lower

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 3h 23min ago
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares may open on a slightly mixed note on Thursday tracking the trend in the commodity markets, and somewhat firm European stocks. The focus, once again, will be on trade negotiations between the U.S. and several other major nations.
RTTNews | 3h 26min ago
FTSE 100 Rises To Record High As Mining Stocks Rally

FTSE 100 Rises To Record High As Mining Stocks Rally

The UK stock market climbed to a new record high Thursday morning, lifted by strong gains in the mining sector. The undertone in major European markets is quite firm today amid optimism about a potential trade deal between the U.S. and the European Union.
RTTNews | 4h 35min ago
CAC 40 Moderately Higher On Trade Deal Hopes

CAC 40 Moderately Higher On Trade Deal Hopes

French stocks are gaining some ground in positive territory on Thursday amid rising hopes the European Union will strike a trade deal with the U.S. sometime soon.
RTTNews | 5h 10min ago
DAX Modestly Up After Hitting Fresh Record High

DAX Modestly Up After Hitting Fresh Record High

German stocks are up in positive territory on Thursday, extending gains from the previous three sessions, as investors continue to focus on US-EU trade negotiations. Data showing a drop in Germany's consumer price inflation in the month of June is aiding sentiment.
RTTNews | 5h 30min ago
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 6h 24min ago