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European Economic News Preview: UK Inflation Data Due
(RTTNews) - Consumer and producer prices from the UK are the top economic news due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics publishes UK consumer and producer prices for September. Consumer price inflation is forecast to ease to 6.6 percent from 6.7 percent in August. Factory gate prices are forecast to fall 0.2 percent annually after easing 0.4 percent in August.
At 3.00 am ET, Statistics Austria releases final consumer price data for September.
At 4.30 am ET, UK house price data for August is due.
At 5.00 am ET, Eurostat is slated to release euro area final harmonized inflation figures. The flash estimate showed that inflation eased to 4.3 percent in September from 5.2 percent in August.
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Swiss Market Ends Marginally Up
The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher.
Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.
RTTNews
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Pred 1 h 6 min
European Stocks Close Slightly Higher
European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.
RTTNews
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Pred 1 h 20 min
Canadian Market Modestly Higher In Cautious Trade
Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.
RTTNews
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Pred 2 h 2 min
U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated
Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.
RTTNews
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Pred 4 h 32 min
U.S. Trade Deficit Narrows Substantially In April As Imports Plummet
Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.
RTTNews
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Pred 4 h 50 min
U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.
RTTNews
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Pred 5 h 9 min
German Manufacturing Orders Rise Unexpectedly
German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.
RTTNews
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Pred 5 h 37 min
U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1
Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.
RTTNews
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Pred 5 h 50 min
