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European Economic News Preview: Eurozone Final Inflation Data Due

RTTNews | 900 dias atrás

European Economic News Preview: Eurozone Final Inflation Data Due

(RTTNews) - Final consumer prices from the euro area and monetary policy decision from Russia are the major economic news due on Friday.

At 3.00 am ET, unemployment data from Sweden is due.

At 5.00 am ET, Italy's Istat is set to issue foreign trade data for January. The trade surplus totaled EUR 1.067 billion in December.

At 5.30 am ET, the Bank of England/Ipsos Inflation Attitudes Survey results are due.

At 6.00 am ET, Eurostat releases euro area final consumer prices data. The statistical office is expected to confirm the flash inflation estimate of 8.5 percent in February, down from 8.6 percent in January.

Half an hour later, Russia's central bank announces its monetary policy decision. Economists expect the bank to hold its key rate at 7.50 percent.

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Pound Slides After UK Starmer's Reshuffle

Pound Slides After UK Starmer's Reshuffle

The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline. In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.

RTTNews | 12 minutos atrás

Eurozone Inflation Rises Slightly To 2.1%

Eurozone Inflation Rises Slightly To 2.1%

Eurozone inflation rose marginally in August but the rate remained near to the European Central Bank's 2 percent target, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.1 percent year-on-year in August, slightly faster than the 2.0 percent increase in July, flash data from Eurostat showed.

RTTNews | 21 minutos atrás

European Shares Slide As Inflation Accelerates

European Shares Slide As Inflation Accelerates

European stocks traded lower on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 48 minutos atrás

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Tuesday.

RTTNews | 57 minutos atrás

FTSE Edges Lower As Yields Jump On Debt Concerns

FTSE Edges Lower As Yields Jump On Debt Concerns

U.K. stocks traded lower on Tuesday as the 30-year gilt yield hit a 27-year high at 5.680 percent in early trading on rising debt concerns, in a pre-budget blow for chancellor Rachel Reeves.

RTTNews | 1 h 7 min atrás

CAC 40 Marginally Higher With French Politics In Focus

CAC 40 Marginally Higher With French Politics In Focus

French stocks were marginally higher on Tuesday ahead of a crucial confidence vote in parliament next Monday.

RTTNews | 1 h 21 min atrás

DAX Drifts Lower Ahead Of Key Inflation Data

DAX Drifts Lower Ahead Of Key Inflation Data

German stocks fell sharply on Tuesday while the euro pulled back from recent highs ahead of Eurozone inflation data due later in the day.

RTTNews | 1 h 34 min atrás

Yen Slides Amid BoJ Rate Hike Uncertainty

Yen Slides Amid BoJ Rate Hike Uncertainty

The Japanese yen weakened against other major currencies in the European session on Tuesday, due to the uncertainties surrounding the probable timing of the Bank of Japan's (BoJ) next interest rate hike.

RTTNews | 1 h 47 min atrás

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