European Economics News Preview: Eurozone Current Account, Consumer Confidence Due

RTTNews | Pred 881 dňami
European Economics News Preview: Eurozone Current Account, Consumer Confidence Due

(RTTNews) - Current account and consumer confidence from the euro area are the top economic news due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to publish Germany's producer prices for November. Economists forecast producer price inflation to ease to 30.6 percent from 34.5 percent in October.

In the meantime, Swiss foreign trade data is due for November. The surplus totaled CHF 3 billion in October.

At 4.00 am ET, the European Central Bank publishes euro area current account data for October. The current account balance had showed a deficit of seasonally adjusted EUR 8.1 billion in September.

At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is expected to hold its benchmark rate at 13.0 percent.

At 10.00 am ET, the European Commission is slated to release consumer confidence survey results. The euro area confidence index is forecast to rise to -22 in December from -23.9 in November.

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Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | Pred 22 minútami
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | Pred 1 h 14 min
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | Pred 2 h 53 min
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | Pred 3 h 9 min
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | Pred 3 h 40 min
Thai Bourse May Reclaim 1,200-Point Plateau

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.
RTTNews | Pred 4 h 21 min