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European Economic News Preview: German Consumer Confidence Data Due
(RTTNews) - Consumer confidence survey results from Germany and France are the major reports due on Wednesday, headlining a light day for the European economic news.
At 2.45 am ET, France's statistical office INSEE is scheduled to release consumer sentiment survey results.
At 3.00 am ET, Spain's statistical office INE publishes retail sales data for October. Sales had increased 4.1 percent in September.
At 4.00 am ET, unemployment data is due from Poland.
At 4.30 am ET, the market research group GfK releases Germany's consumer confidence survey data. The forward-looking consumer sentiment index is expected to fall to -18.8 in December from -18.3 in November.
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Yen Rises Amid BoJ Rate Hike Expectation
The Japanese yen strengthened against other major currencies in the Asian session on Thursday, as the Bank of Japan (BoJ) raised its inflation outlook in July and kept the door open for an imminent interest rate hike by the end of current year.
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Australian Dollar Advances Against Some Majors
The Australian dollar strengthened against some major counterparts in the Asian session on Thursday.
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European Shares Seen Mixed As Focus Shifts To US-Russia Talks
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European Economic News Preview: UK GDP & Foreign Trade Data Due
Monthly GDP estimates and foreign trade from the UK and flash quarterly national accounts and employment from the euro area are due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade data. The economy is forecast to grow 0.2 percent on a monthly basis in June, reversing a 0.1 percent fall in May.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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Sensex, Nifty Marginally Higher Ahead Of US-Russia Talks
Indian shares were marginally higher in early trade on Thursday, mirroring mostly positive cues from global markets ahead of the August 15 meeting between the U.S. President Donald Trump and his Russian counterpart Vladimir Putin.
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Australian Market Extends Early Gains In Mid-market
The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level to fresh all-time highs, with gains in mining, energy and financial stocks.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, on continued optimism over the outlook for interest rates, with the US Fed widely expected to lower rates by a least a quarter point next month. Asian markets closed mostly higher on Wednesday.
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