European Economics News Preview: Italy Business & Consumer Confidence Data Due

RTTNews | 933 days ago
European Economics News Preview: Italy Business & Consumer Confidence Data Due

(RTTNews) - Business and consumer survey results from Italy and revised national accounts from Spain are the top economic news due on Friday.

At 2.45 am ET, France's INSEE is scheduled to issue producer prices for November. Prices had advanced 24.7 percent in October.

At 3.00 am ET, revised GDP data is due from Spain's statistical office INE. The flash estimate showed that economic growth eased to 0.2 percent from 1.5 percent in the second quarter. The statistical office is expected to confirm the preliminary estimate.

At 4.00 am ET, Italy's business and consumer confidence survey data. The business sentiment index is forecast to rise to 102.7 in December from 102.5 in the prior month. The consumer confidence index is seen at 98.5 versus 98.1 a month ago.

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 1 day ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 1 day ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 1 day ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 1 day ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 1 day ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 1 day ago