European Economic News Preview: ECB, BoE Monetary Policy Announcements Due

RTTNews | 922 dias atrás

(RTTNews) - Monetary policy announcements from the European Central Bank and the Bank of England are the major events due on Thursday, headlining a busy day for the European economic news.

Both the euro area and UK central banks are set to hike the benchmark rates by 50 basis points, bigger than the US Federal Reserve's quarter point hike on Wednesday.

At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data. Economists forecast exports to fall 3.3 percent on month and imports to ease 0.8 percent in December.

At 3.00 am ET, Spain unemployment data is due from the labor ministry.

In the meantime, the State Secretariat for Economic Affairs releases Swiss consumer confidence survey results. The consumer sentiment is forecast to rise to -38 in the first quarter from -47 in the fourth quarter.

At 7.00 am ET, the Bank of England is set to announce its monetary policy decision. Although the US Federal Reserve softened its tightening stance on Wednesday, markets widely expect the BoE to hike the rate by 50 basis points for the second straight meeting as wage growth is persistently high and service price inflation remains strong.

At 8.15 am ET, the interest rate decision is due from the European Central Bank. The bank is expected to raise the key rates by another half percentage points. The main refinancing rate is forecast to hit 3.00 percent.

At 8.30 am ET, the Czech National Bank announces its interest rate decision. The bank is likely to hold its benchmark rate at 7.00 percent.

At 8.45 am ET, ECB President Christine Lagarde will hold press conference in Frankfurt.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

RTTNews | 52 minutos atrás

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | 1 h 31 min atrás

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 2 h 2 min atrás

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 2 h 56 min atrás

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3 h 4 min atrás

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3 h 19 min atrás

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 3 h 26 min atrás

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3 h 34 min atrás

EURUSD	1.16213	GBPUSD	1.34305	AUDUSD	0.65076
USDJPY	148.41	USDCAD	1.37795	USDCHF	0.81107