European Economic News Preview: UK Unemployment Data Due

RTTNews | 62 days ago
Stocktwits
European Economic News Preview: UK Unemployment Data Due

(RTTNews) - Labor market statistics from the UK and economic sentiment from Germany are the top economic news due on Tuesday.

At 2.00 am ET, the Office for National Statistics is scheduled to issue UK unemployment and wage data for the first quarter. The jobless rate is forecast to rise to 4.5 percent from 4.4 percent in the preceding period.

At 3.00 am ET, the Czech Statistical Office releases final inflation figures for April. Inflation is forecast to rise to 2.7 percent, as initially estimated, from 1.8 percent in March.

In the meantime, current account figures are due from Turkey.

At 5.00 am ET, Germany's ZEW economic confidence survey results are due. Economists forecast the economic sentiment index to rise to +9.8 in May from -14.0 in April.

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Asian Shares Mixed As China Exports Beat Forecasts

Asian Shares Mixed As China Exports Beat Forecasts

Asian stocks ended mixed on Monday despite U.S. President Donald trump intensifying his trade war with threat of 30 percent tariffs on the European Union and Mexico. China's exports growth beat expectations in June, helping limit regional losses., if any.
RTTNews | 17 minutes ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the early European session on Monday.
RTTNews | 41 minutes ago
China Exports Growth Tops Expectations; Imports Rebound

China Exports Growth Tops Expectations; Imports Rebound

China's exports grew more than expected in June on de-escalating trade tension with the US and imports rebounded for the first time this year, signalling a positive contribution from net trade to economic growth in the second quarter, official data revealed Monday. Exports increased 5.8 percent year-on-year in June, the General Administration of Customs reported.
RTTNews | 50 minutes ago
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,600.00 level, with weakness in technology and financial stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 5h 43min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, despite the broadly negative cues from Wall Street on Friday, amid hopes of an end to the uncertainty about U.S. reciprocal tariffs on its trade partners by August 1, though US President Donald Trump is escalating the trade battle. He warned of a blanket tariff of 15-20 percent on most trading partners that have not received letters yet.
RTTNews | 5h 56min ago
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