European Economics Preview: Germany Flash Inflation Data Due

RTTNews | 957 days ago
European Economics Preview: Germany Flash Inflation Data Due

(RTTNews) - Flash inflation from Germany and economic sentiment survey results from the euro area are the major reports due on Tuesday.

At 2.00 am ET, Statistics Sweden is set to release retail sales, foreign trade and revised GDP figures.

At 3.00 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss quarterly national accounts. The economy is forecast to grow 0.3 percent sequentially in the third quarter, the same pace as seen in the second quarter.

In the meantime, Spain's INE publishes flash consumer and harmonized consumer prices for November. Economists expect consumer price inflation to rise to 7.4 percent from 7.3 percent in October.

At 4.00 am ET, Italy's ISTAT is slated to release industrial turnover data for September. Turnover had advanced 3.6 percent on month in August.

At 4.30 am ET, the Bank of England publishes mortgage approvals figures for October. The number of mortgage approvals is seen falling to 60,200 from 66,789 in September. At 5.00 am ET, economic sentiment survey results are due from Eurozone. The economic confidence index is seen at 93.5 in November versus 92.5 in October.

At 8.00 am ET, Destatis is set to publish Germany flash consumer and harmonized prices for November. Consumer price inflation is seen unchanged at 10.4 percent.

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 | 2 days 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 | 2 days 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 | 2 days 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 | 2 days 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 | 2 days ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2 days ago