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European Economics Preview: Germany ZEW Economic Confidence Data Due
(RTTNews) - Economic confidence data from Germany is the only major report due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, consumer prices from Romania and producer prices from Lithuania are due. Romania's inflation is seen at 15.1 percent in June versus 14.5 percent in May.
At 5.00 am ET, Germany ZEW economic confidence survey results are due. The sentiment index is forecast to fall to -38.3 in July from -28.0 in June.
At 6.00 am ET, consumer price data is due from Portugal.
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U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated
Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.
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1h 37min ago
U.S. Trade Deficit Narrows Substantially In April As Imports Plummet
Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.
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1h 54min ago
U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.
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2h 13min ago
German Manufacturing Orders Rise Unexpectedly
German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.
RTTNews
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2h 41min ago
U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1
Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.
RTTNews
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2h 54min ago
U.S. Trade Deficit Narrows Much More Than Expected In April
Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April.
RTTNews
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2h 58min ago
U.S. Weekly Jobless Claims Unexpectedly Rise To 247,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st.
RTTNews
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3h 3min ago
Bay Street Likely To Open On Cautious Note; Resources Stocks May Move Up
The Canadian market is likely to open on a cautious note on Thursday with investors looking for news from the trade front.
Canadian and U.S. jobs data, due on Friday may provide some clues about the outlook for growth. Higher commodity prices may prompt investors to pick up resources stocks.
RTTNews
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3h 35min ago
