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European Economic News Preview: UK Retail Sales Data Due
(RTTNews) - Retail sales from the UK and business confidence from France are due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK retail sales for March. Sales are forecast to fall 0.3 percent month-on-month, in contrast to the 1.0 percent increase in February.
Half an hour later, unemployment data is due from Hungary.
At 2.45 am ET, France's statistical office INSEE is scheduled to release business sentiment survey results. The confidence index is seen unchanged at 96 in April.
At 6.30 am ET, Russia's central bank announces its monetary policy decision. The bank is set to hold its benchmark rate at 21.00 percent.
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Bank Of Korea Keeps Rates Steady
The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent.
The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
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1h 32min ago
European Shares Set To Open Higher Despite Rising Trade Tensions
European stocks may open mostly higher on Thursday despite U.S. President Donald Trump escalating his tariff campaign, sending letters to six additional countries—Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines—with fresh import duties ranging from 20-30 percent.
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2h 28min ago
European Economic News Preview: Germany Final Inflation Data Due
Final inflation from Germany and industrial output from Italy are the top economic news due on Thursday. At 2.00 am ET, Destatis is scheduled to release Germany's final inflation data for June. Flash inflation showed that consumer price inflation eased to 2.0 percent from 2.1 percent in May.
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2h 49min ago
Sensex, Nifty Subdued On Trade Jitters
Indian shares were subdued on Thursday as U.S. President Donald Trump escalated his tariff campaign, sending letters targeting six additional countries—Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines—with fresh import duties ranging from 20-30 percent.
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3h 41min ago
Australian Market Extends Early Gains In Mid-market
The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across all sectors led by technology and mining stocks.
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4h 38min ago
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders are optimistic about an end to the tariff uncertainty after US 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.
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4h 43min ago
Sensex, Nifty Set For Muted Open
Indian shares look set to open on a flat note Thursday as investors watch the latest developments on the trade front, react to the latest FOMC meeting minutes and look for direction from Q1 business updates from prominent companies.
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5h 30min ago
Indonesia Stock Market May Extend Winning Streak
The Indonesia stock market has moved higher in three straight sessions, gathering almost 80 points or 1.2 percent along the way. The Jakarta Composite Index now sits just above the 6,940-point plateau and it may add to its winnings again on Thursday.
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6h 30min ago
