Advertisement
European Economics News Preview: UK Nationwide House Price Data Due
RTTNews
|
920 days ago

(RTTNews) - House price data from the UK is the major economic news due on an otherwise light Friday.
At 2.00 am ET, UK Nationwide house price data is due for December. House price inflation is expected to ease to 2.3 percent from 4.4 percent in November.
At 3.00 am ET, the Swiss KOF leading indicator is due. Economists forecast the index to rise to 90.5 in December from 89.5 a month ago.
In the meantime, Spain's INE is scheduled to issue flash consumer and harmonized prices for December. EU harmonized inflation is forecast to ease to 6.0 percent from 6.7 percent in November.
At 4.00 am ET, Bank of Spain releases the balance of payments for October.
read more
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall
Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent.
Another data from Eurostat showed that services production decreased 0.3 percen
RTTNews
|
21 minutes ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Monday.
RTTNews
|
1h 6min ago
Cautious Optimism Lifts DAX
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading in the green zone on Monday amidst a mood of cautious optimism.
RTTNews
|
1h 25min ago
Nissan Stock Slips On Reports Of Talks With Foxconn To Collaborate On EV Production In Japan
Japanese automaker Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) is in talks with Taiwan's electronics major Foxconn to partner on the production of electric vehicles or EVs in Japan, Nikkei reported. The potential joint venture collaboration is expected to save Nissan's Oppama plant from the risk of closure. Following the news, Nissan Motor shares closed Monday's trading in Tokyo down 5%.
RTTNews
|
1h 28min ago
Eurozone Investor Confidence Strongest In More Than 3 Years
Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed
RTTNews
|
2h 9min ago
German Industrial Production Rebounds In May
Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday. Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent d
RTTNews
|
2h 37min ago
Commodity Currencies Slide Amid Risk-off Mood
The commodity-linked currencies such as the Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower amid ongoing concerns about U.S. tariffs after U.S. President Donald Trump announced that his government will send letters to around 170 trading partners outlining new, simple unilateral tariffs that will take effect on August 1.
RTTNews
|
2h 50min ago
Weak Sentiment In Asian Markets
Trade tariff related jitters swayed sentiment in Asian markets on Monday.
RTTNews
|
3h 0min ago