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European Economic News Preview: Eurozone Foreign Trade Data Due
(RTTNews) - Foreign trade data from the euro area is the top economic news due on Thursday, headlining a light day for the European economic news.
At 12.30 am ET, unemployment data from the Netherlands and consumer confidence from Norway are due.
At 4.00 am ET, Norway's central bank is set to announce its monetary policy decision. The bank is expected to lift its key interest rate to 4.00 percent from 3.75 percent.
At 5.00 am ET, Eurostat publishes euro area foreign trade data for June. Economists forecast the trade balance to post a surplus of EUR 18.3 billion compared to a shortfall of EUR 0.3 billion posted in May.
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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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Pred 21 minútami
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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Pred 1 h 3 min
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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Pred 2 h 17 min
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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Pred 2 h 33 min
UK Mortgage Approvals Fall Unexpectedly; House Prices Rise
UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.
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Pred 3 h 47 min
Bay Street May Open Higher On Firm Commodity Prices
Canadian shares may open higher on Monday as firm crude oil and bullion prices are expected to trigger some strong buying in energy and materials sectors.
Worries about trade tensions may hurt a bit and limit market's upside.
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Pred 4 h 20 min
FTSE Up Slightly As Stocks Turn In Mixed Performance
U.K. stocks are turning in a mixed performance in cautious trade on Monday, amid concerns about the Trump administration's tariff stance.
The Sino-U.S. trade tensions, with the two nations accusing each other of violating trade agreement, and U.S. President Donald Trump's remarks that the tariffs on steel and aluminum will be doubled to 50%, are weighing sentiment.
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Pred 5 h 11 min
U.S. Dollar Falls On Re-escalating US-China Trade Tensions
The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.
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Pred 5 h 47 min
