European Economic News Preview: Germany GDP, Inflation Data Due

RTTNews | Pred 576 dňami
Stocktwits
European Economic News Preview: Germany GDP, Inflation Data Due

(RTTNews) - Quarterly national accounts and flash inflation from the euro area are the top economic news due on Monday, headlining a busy day for the European economic news.

At 3.00 am ET, Statistics Sweden publishes flash GDP data for the third quarter. The economy is forecast to rebound 0.4 percent sequentially following a 0.8 percent fall in the second quarter.

At 4.00 am ET, flash GDP from Austria and preliminary inflation from Spain are due. Spain's consumer price inflation is seen rising to 3.8 percent in October from 3.5 percent in September.

At 5.00 am ET, Destatis is scheduled to release Germany's GDP data for the third quarter. The largest euro area economy is seen shrinking 0.3 percent on quarter after staying flat in the second quarter.

Half an hour later, the Bank of England issues money and credit data for September. The number of mortgages approved in September is forecast to fall to 45,000 from 45,350 in the preceding period.

At 6.00 am ET, European Commission is set to release euro area economic sentiment survey results. Economists forecast the economic confidence index to drop to 93.0 in October from 93.3 in September.

At 9.00 am ET, preliminary inflation data is due from Germany. Consumer price inflation is forecast to ease to 4.0 percent in October from 4.5 percent in September.

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NZ Dollar Rises After RBNZ Rate Decision

NZ Dollar Rises After RBNZ Rate Decision

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected.
RTTNews | Pred 45 minútami
European Economic News Preview: Germany Unemployment Data Due

European Economic News Preview: Germany Unemployment Data Due

Unemployment from Germany and revised GDP and consumer spending from France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's import prices for April. Import prices are forecast to fall 1.4 percent month-on-month, faster than the 1.0 percent decrease in March.
RTTNews | Pred 1 h 30 min
European Shares Seen Flat To Lower At Open

European Shares Seen Flat To Lower At Open

European stocks are seen opening flat to slightly lower on Wednesday, with Nvidia earnings and minutes from May's FOMC meeting likely to be in focus.
RTTNews | Pred 1 h 41 min
New Zealand Cuts Interest Rate By 25 Bps As Expected

New Zealand Cuts Interest Rate By 25 Bps As Expected

The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected on Wednesday, as higher trade tariffs and increased policy uncertainties overseas are set to weigh on domestic economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.25 percent. The decision was passed
RTTNews | Pred 2 h 3 min
NZ Dollar Recovers Against Majors

NZ Dollar Recovers Against Majors

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday.
RTTNews | Pred 2 h 33 min
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying just above 8,400 level, following the broadly positive cues from Wall Street overnight, with gains in energy and technology stocks and a mixed performance in mining and financial stocks.
RTTNews | Pred 3 h 49 min
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious amid the lack of concrete progress toward a broader trade agreement between the US and its trading partners, despite reaching temporary deals with some. The ongoing uncertainty surrounding the US-China trade relations continued to weigh on market sentiment.
RTTNews | Pred 4 h 1 min
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