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European Economics Preview: UK Inflation Data Due

RTTNews | 1056 days ago

European Economics Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK and quarterly national accounts from the euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for July. Consumer price inflation is seen at 9.8 percent in July, up from 9.4 percent in June. Factory gate inflation is forecast to ease to 16.2 percent from 16.5 percent in June.

At 3.00 am ET, GDP data from Hungary is due. The economy is forecast to expand 6.1 percent on year in the second quarter versus 8.2 percent growth a quarter ago.

Half an hour later, consumer spending, foreign trade and GDP figures are due.

At 4.00 am ET, Poland's GDP data is due. The economist forecast the economy to shrink 0.8 percent sequentially, reversing the first quarter's 2.5 percent expansion. At 5.00 am ET, Eurostat publishes euro area flash GDP and employment data for the second quarter. Economists expect the currency bloc to grow 0.7 percent, as initially estimated.

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KOSPI May Run Out Of Steam On Wednesday

KOSPI May Run Out Of Steam On Wednesday

The South Korea stock market has finished higher in back-to-back sessions, collecting more than 60 points or 1.9 percent along the way. The KOSPI now sits just beneath the 3,115-point plateau although investors may lock in gains on Wednesday.

RTTNews | 19 minutes ago

New Zealand Interest Rate Decision Due On Wednesday

New Zealand Interest Rate Decision Due On Wednesday

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBNZ is expected to hold its Official Cash Rate steady at 3.25 percent.

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U.S. Dollar Higher As Trump Delays Tariff Deadline

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The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as President Donald Trump announced a delay in implementation of tariffs to August 1.

RTTNews | 1h 58min ago

American Households' Inflation Expectations Steady; More Optimism On Finances: NY Fed Survey

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U.S. households' inflation expectations were largely unchanged in June and they were more optimistic regarding their financial situation and access to credit in the year-ahead, results of a survey by the Federal Reserve Bank of New York showed on Tuesday.

RTTNews | 2h 16min ago

Swiss Market Settles Marginally Up

Swiss Market Settles Marginally Up

Despite spending much of the day's trading session in negative territory, the Switzerland market closed marginally higher on Tuesday thanks to some brisk buying in the final minutes.

RTTNews | 4h 20min ago

European Markets Close On Positive Note

European Markets Close On Positive Note

European markets closed on a positive note on Tuesday, as investors shrugged off concerns about tariffs and picked up stocks, amid hopes major European countries will strike trade deals with the U.S. before the newly announced August 1 deadline.

RTTNews | 4h 41min ago

Strong Jobs Data Limits Dollar's Losses Amidst Fiscal And Tariff Concerns

Strong Jobs Data Limits Dollar's Losses Amidst Fiscal And Tariff Concerns

Data showing an unexpectedly strong payrolls addition curtailed the dollar's losses in a week marked by anxiety about the U.S. fiscal outlook.

RTTNews | 10h 16min ago

U.S. Small Business Confidence Erodes Slightly In June, Taxes Main Concern - NFIB

U.S. Small Business Confidence Erodes Slightly In June, Taxes Main Concern - NFIB

Small business sentiment in the U.S. eased slightly in June as uncertainty remains elevated despite easing, and taxes remained a top concern for business owners, survey data from the National Federation of Independent Businesses showed on Tuesday.

RTTNews | 12h 40min ago

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