European Economics Preview: Eurozone Industrial Output Data Due

RTTNews | vor 1073 Tagen
European Economics Preview: Eurozone Industrial Output Data Due

(RTTNews) - Industrial production from euro area and revised consumer price data from France are the major statistical reports due on Wednesday.

At 2.00 am ET, the Swiss State Secretariat for Economic Affairs is set to release Summer economic forecast.

In the meantime, Statistics Norway publishes foreign trade data for May.

At 2.30 am ET, the Federal Statistical Office releases Swiss producer prices data. Prices had increased 6.7 percent annually in April.

At 2.45 am ET, the French statistical office Insee releases revised consumer and harmonized prices for May. The statistical office is expected to confirm the consumer price inflation at 5.2 percent.

At 4.00 am ET, consumer price data is due from Poland. Inflation is seen at 13.9 percent in May versus 12.4 percent in April.

At 5.00 am ET, Eurostat is scheduled to issue eurozone industrial production and foreign trade figures. Economists forecast output to fall 2.0 percent on month, following a 1.8 percent decrease in March.

read more
Euro Slips On Trump's Tariff Proposal

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
RTTNews | vor 58 Minuten
Swiss Market Ends Weak On Tariff Concerns

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.
RTTNews | vor 1Std 49 Minuten
European Stocks Closed Weak On Trump's Fresh Tariff Threat

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.
RTTNews | vor 2Std 6 Minuten
TSX Recovers After Early Setback; Materials Stocks Move Higher

TSX Recovers After Early Setback; Materials Stocks Move Higher

After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.
RTTNews | vor 3Std 14 Minuten
U.S. New Home Sales Spike From Downwardly Revised Level In April

U.S. New Home Sales Spike From Downwardly Revised Level In April

The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.
RTTNews | vor 4Std 48 Minuten
Germany Logs Stronger Growth On Tariff Threats

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.
RTTNews | vor 5Std 54 Minuten
Bay Street Likely To Open On Negative Note On Tariff Concerns

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.
RTTNews | vor 7Std 0 Minuten
FTSE Pares Early Gains, Up Marginally In Cautious Trade

FTSE Pares Early Gains, Up Marginally In Cautious Trade

U.K. stocks moved higher Friday morning, reacting to data showing a notable rise in retail sales, and survey showing strong consumer confidence. However, stocks pared gains subsequently in cautious trade and the market was up just marginally a little past noon.
RTTNews | vor 8Std 3 Minuten