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European Economic News Preview: UK Unemployment Data Due
(RTTNews) - Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics releases UK labor market data. The jobless rate is forecast to rise to 4.5 percent in three months to December from 4.4 percent in the preceding period.
In the meantime, final inflation data is due from Sweden.
At 2.45 am ET, France's statistical office INSEE publishes final inflation figures for January. The flash estimate showed that inflation rose slightly to 1.4 percent from 1.3 percent in December.
At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic sentiment index is expected to rise notably to 19.9 in February from 10.3 in January.
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Pred 30 minútami
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the European session on Thursday.
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Asian stocks ended mostly lower on Thursday following a slightly hawkish leaning policy decision from the Federal Reserve.
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European stocks look set to open on a firm note on Thursday as investors digest the Federal Reserve's latest decision to cut interest rates and await the Bank of England's rate decision.
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European Economic News Preview: Bank Of England To Hold Rate
The monetary policy announcement from the Bank of England is the top economic event due on Thursday. The BoE is widely expected to hold its benchmark bank rate at 4.00 percent after a quarter-point reduction in August. The bank had lowered the rate five times since August 2024 and took it to the lowest since early 2023.
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Sensex, Nifty Open Higher; IT Stocks Surge As Fed Cuts Interest Rates
Indian shares opened higher on Thursday amid optimism over ongoing U.S.-India trade talks.
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Australian Market Extends Early Losses In Mid-market
The Australian market is extending its early losses in mid-market moves on Thursday, adding to the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, as markets digested a softer-than-expected domestic jobs report, with weakness across most sectors led by mining and energy stocks.
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Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after the US Fed delivered a widely expected quarter point interest rates cut to 4.0 percent, citing a shift in the balance of risks. The latest projections from Fed officials also suggest they expect the central bank to lower rates two more times this year.
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Pred 6 h 13 min
