European Economics Preview: UK GDP Data Due

RTTNews | 1051 hari yang lalu
European Economics Preview: UK GDP Data Due

(RTTNews) - Quarterly national accounts, industrial output and foreign trade figures are due from the UK on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics is scheduled to release first quarterly GDP estimate for the third quarter. The economy is forecast to shrink 0.5 percent sequentially, reversing a 0.2 percent rise in the second quarter.

Also, industrial and construction output and foreign trade figures are due from the UK. Economists expect industrial output to fall 0.2 percent on month, following a 1.8 percent drop in August. The visible trade deficit is seen at GBP 18.75 billion versus -GBP 19.26 billion in August.

In the meantime, Destatis is scheduled to issue Germany's final consumer prices for October. Inflation is expected to rise to 10.4 percent, as initially estimated, from 10.0 percent in September.

At 6.00 am ET, final consumer price figures are due from Portugal.

read more
Canadian Market Modestly Higher; Materials Stocks Shine

Canadian Market Modestly Higher; Materials Stocks Shine

The Canadian market looks set to end on a positive note on Friday with the nation's GDP data and data showing U.S. consumer prices increased in line with expectations in the month of August help underpin sentiment.
RTTNews | 5j 37min yang lalu
Swiss Market Settles On Firm Note

Swiss Market Settles On Firm Note

The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as data showing U.S. consumer prices increased in line with estimates helped ease concerns about the outlook for rate cuts by the Federal Reserve. Investors largely shrugged off U.S. President Donald Trump's announcement of a fresh round of tariffs.
RTTNews | 6j 22min yang lalu
European Markets Close On Firm Note On Renewed Hopes Of Fed Rate Cuts

European Markets Close On Firm Note On Renewed Hopes Of Fed Rate Cuts

Despite U.S. President Donald Trump's announcement of fresh tariffs on several items imported into America, the major European markets closed on a firm note on Friday amid prospects of the Federal Reserve lowering interest rates after a closely watched data showed consumer prices in U.S. increased in line with estimates in the month of August.
RTTNews | 6j 40min yang lalu
U.S. Consumer Sentiment Declines Slightly More Than Initially Estimated In September

U.S. Consumer Sentiment Declines Slightly More Than Initially Estimated In September

Consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of September, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for September was downwardly revised to 55.1 from a preliminary ready of 55.4.
RTTNews | 9j 25min yang lalu
U.S. Consumer Price Growth Matches Estimates In August

U.S. Consumer Price Growth Matches Estimates In August

The Commerce Department released a report on Friday showing consumer prices in the U.S. increased in line with economist estimates in the month of August. The report said the personal consumption expenditures (PCE) price index climbed by 0.3 percent in August after rising by 0.2 percent in July. The price growth matched expectations.
RTTNews | 9j 48min yang lalu
Sunbeam Products Recalls 1.3 Mln Oster French Door Countertop Ovens

Sunbeam Products Recalls 1.3 Mln Oster French Door Countertop Ovens

Atlanta, Georgia-based Sunbeam Products Inc. is recalling around 1.3 million units of Oster French Door Countertop Ovens citing risk of burn, according to the U.S. Consumer Product Safety Commission. The products, manufactured in China, were imported by Sunbeam and sold at Bed Bath and Beyond, Costco, Walmart and other stores and online.
RTTNews | 10j 25min yang lalu