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European Economic News Preview: German Ifo Business Confidence Due
(RTTNews) - Business confidence survey data from Germany is the top economic news due on Tuesday, headlining a light day for the European economic news.
At 4.00 am ET, Spain's INE publishes producer prices for February. Prices had increased 2.6 percent annually in January.
At 5.00 am ET, Germany's ifo business confidence survey results are due. The business confidence index is forecast to rise to 86.8 in March from 85.2 in the previous month. At 7.00 am ET, the Confederation of British Industry publishes Distributive Trades survey results. The retail sales balance is expected to fall to -28 percent in March from -23 percent in February.
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Pound Drops On Tariff Concerns
The pound fell against its major counterparts in the New York session on Monday, amid rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.
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1ч 27мин назад
Swiss Market Ends Modestly Lower
The Switzerland market ended weak on Monday after languishing in negative territory almost right through the day's session as geopolitical tensions and tariff concerns weighed on sentiment.
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3ч 31мин назад
Major European Markets Close Weak On Tariff Jitters, Geopolitical Concerns
European stocks closed weak on Monday as rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.
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3ч 58мин назад
Energy, Materials Stocks Shine As TSX Rises 0.5%
The Canadian market is up in positive territory a little past noon on Monday, lifted by gains in energy, materials and communications sectors, even as the mood remains cautious amid concerns about Sino-US trade tensions, and the Trump administration's announcement that it would increase the tariffs on imports of steel and aluminum to 50% from 25%.
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5ч 12мин назад
U.S. Construction Spending Unexpectedly Falls 0.4% In April
A report released by the Commerce Department on Monday unexpectedly showed a continued decrease by U.S. construction spending in the month of April. The Commerce Department said construction spending fell by 0.4 percent to an annual rate of $2.152 trillion in April after shrinking by 0.8 percent to a revised rate of $2.162 trillion in March.
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5ч 37мин назад
U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May
A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
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6ч 19мин назад
UK Manufacturing Sector Shrinks Sharply
The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
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7ч 33мин назад
Eurozone Manufacturing Activity Contraction Slows
Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
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7ч 49мин назад
