European Economics Preview: Germany Unemployment Data Due

RTTNews | 909 дней спустя
European Economics Preview: Germany Unemployment Data Due

(RTTNews) - Unemployment from Germany and flash inflation from the euro area are the top economic news due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis publishes Germany's unemployment figures for October.

At 2.45 am ET, France's statistical office INSEE is scheduled to release flash consumer prices, detailed quarterly national accounts and industrial producer prices. Consumer price inflation is expected to remain unchanged at 6.2 percent in November. Economists forecast the statistical office to confirm 0.2 percent sequential economic growth for the third quarter.

At 3.00 am ET, retail sales from Spain, the KOF leading index from Switzerland and producer prices from Hungary are due. The Swiss KOF leading index is seen at 91.3 versus 90.9 a month ago.

At 3.55 am ET, the Federal Labor Agency publishes Germany unemployment data for November. The jobless rate is seen unchanged at 5.5 percent. At 4.00 am ET, Italy's Istat is slated to issue revised quarterly national accounts for the third quarter. The initial estimates showed a quarterly economic growth of 0.5 percent after rising 1.1 percent in the second quarter.

At 5.00 am ET, Eurostat publishes euro area flash inflation data for November. Inflation is expected to ease to 10.4 percent from 10.6 percent in October.

In the meantime, preliminary inflation figures are due from Italy. Economists forecast consumer prices to climb 11.3 percent on year in November, but slower than the 11.8 percent rise in October.

read more
Malaysia Stock Market Tipped To Open In The Green

Malaysia Stock Market Tipped To Open In The Green

The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's due for support on Wednesday.
RTTNews | 15 минут назад
Win Streak May Continue For Japan Stock Market

Win Streak May Continue For Japan Stock Market

The Japan stock market has tracked higher in three straight sessions, accelerating almost 750 points or 2 percent along the way. The Nikkei 225 now sits just shy of the 27,725-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 30 минут назад
KOSPI Expected To Erase Tuesday's Losses

KOSPI Expected To Erase Tuesday's Losses

The South Korea stock market headed south again on Tuesday, one day after ending the two-day slide in which it had given up almost 35 points or 1.4 percent. The KOSPI now rests just above the 2,635-point plateau although it's expected to rebound again on Wednesday.
RTTNews | 45 минут назад
New Zealand Rate Decision On Tap For Wednesday

New Zealand Rate Decision On Tap For Wednesday

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and the announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBNZ is widely expected to trim its Official Cash Rate by 25 basis points, to 3.25 percent from 3.50 percent.
RTTNews | 1ч 45мин назад
U.S. Dollar Strengthens On Trump's Tariff Delay

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
RTTNews | 5ч 22мин назад
European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | 6ч 50мин назад
U.S. Consumer Confidence Rebounds Much More Than Expected In May

U.S. Consumer Confidence Rebounds Much More Than Expected In May

A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.
RTTNews | 9ч 31мин назад
U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.
RTTNews | 9ч 42мин назад