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European Economics News Preview: Eurozone Monetary Aggregates Data Due
(RTTNews) - Monetary aggregates data from the euro area is the only major statistical report due on Thursday, headlining a light day for the European economic news.
At 3.00 am ET, Spain's statistical office INE publishes retail sales data for November. Sales had increased 0.4 percent month-on-month in October.
In the meantime, consumer confidence survey results are due from Slovakia.
At 4.00 am ET, the European Central Bank is scheduled to issue euro area money supply figures for November. M3 is forecast to climb 5.0 percent on a yearly basis, slightly slower than the 5.1 percent increase in October. Economists expect lending to households to grow 4.1 percent annually and loans to companies to gain 8.6 percent.
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French Consumer Sentiment Weakest Since 2023
France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
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47 minut temu
European Shares Decline Amid French Uncertainty
European shares traded lower on Tuesday, with Fed independence fears and French political risks keeping investors on edge.
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1g 8 minut temu
Asian Shares Slip After Trump's Tariff Threats
Asian stocks fell on Tuesday as Fed independence fears resurfaced and investors awaited Nvidia results amid hopes it can soothe fears about AI spending.
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1g 29 minut temu
Indian Rupee Falls To More Than 4-week Low On Tariff Worries
The Indian rupee weakened against the U.S. dollar in the Asian session on Tuesday, after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
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2g 3 minut temu
Antipodean Currencies Fall Amid Risk-off Mood
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation.
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2g 42 minut temu
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
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3g 50 minut temu
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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3g 54 minut temu
European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade
European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.
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4g 33 minut temu
