European Economics Preview: Germany Foreign Trade, Unemployment Data Due

RTTNews | 1027 дней спустя
European Economics Preview: Germany Foreign Trade, Unemployment Data Due

(RTTNews) - Foreign trade, unemployment and final manufacturing Purchasing Managers' survey results from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 3.00 am ET, Destatis is scheduled to issue Germany's foreign trade and unemployment figures for September. Exports are forecast to grow 0.1 percent on month, slower than the 1.6 percent increase in August. Imports are expected to fall 0.4 percent.

At 4.00 am ET, manufacturing PMI survey results are due from Poland and Hungary.

At 4.15 am ET, Spain's manufacturing PMI survey data is due. The index is forecast to fall to 47.5 in October from 49.0 in the previous month.

At 4.45 am ET, S&P Global publishes Italy's manufacturing PMI survey results. Economists expect the index to ease to 46.9 in October from 48.3 a month ago.

At 4.50 am ET, final factory PMI survey results are due from France. The score is seen at 47.4 in October, unchanged from flash estimate, and down from 47.7 in September.

At 4.55 am ET, the Federal Labor Agency publishes Germany's unemployment data for October. The jobless rate is forecast to remain unchanged at 5.5 percent. Also, S&P Global releases final manufacturing PMI. Germany's final PMI is expected to match the flash estimate of 45.7.

At 5.00 am ET, Eurozone final PMI survey data is due. Economists expect the index to fall to 46.6 in October, in line with flash estimate, from 48.4 in September.

read more
Asian Shares Rise As Powell Signals Rate Cuts

Asian Shares Rise As Powell Signals Rate Cuts

Asian stocks rose broadly on Monday as Federal Reserve Chair Jerome Powell's dovish signals at the Jackson Hole symposium opened the door to an interest rate cut next month.
RTTNews | 39 минут назад
Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
RTTNews | 5ч 48мин назад
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | 6ч 5мин назад