European Economics Preview: Germany GDP, Inflation Data Due

RTTNews | Pred 1034 dňami

(RTTNews) - Flash quarterly national accounts and inflation figures are due from Germany, France and Spain on Friday, headlining a hectic day for the European economic news.

At 1.30 am ET, France's Insee publishes preliminary gross domestic product data for the third quarter and household spending for September. The economy is forecast to grow at a slower pace of 0.2 percent sequentially after rising 0.5 percent a quarter ago.

At 2.00 am ET, flash GDP and retail sales reports are due from Statistics Sweden. Economists expect GDP to shrink 0.1 percent on quarter in the three months ended September, in contrast to the 0.9 percent expansion in three months to June.

At 2.45 am ET, Again Insee releases flash consumer and harmonized prices and producer price reports. Consumer price inflation is seen at 5.7 percent in October versus 5.6 percent in September.

At 3.00 am ET, Spain's INE is scheduled to issue flash GDP and consumer price data. Economic growth is expected to ease sharply to 0.3 percent in the third quarter from 1.5 percent a quarter ago. Consumer price inflation is seen at 8.0 percent in October versus 8.9 percent in the previous month.

Also, Switzerland's KOF leading index and flash GDP from Austria are due at 3.00 am ET.

At 4.00 am ET, Destatis is scheduled to publish flash GDP data for the third quarter. The largest euro area economy is forecast to log a contraction of 0.2 percent, following second quarter's 0.1 percent expansion.

In the meantime, producer prices from Italy and unemployment from Norway are due.

At 5.00 am ET, the European Commission is set to release euro area economic sentiment survey results. Economists forecast the economic confidence index to fall to 92.5 in October from 93.7 in September.

Also, Italy's Istat publishes flash consumer price data for October. Consumer price inflation is set to rise to 9.6 percent from 8.9 percent in September.

At 6.30 am ET, Russia's central bank announces its interest rate decision. The bank is expected to hold its key rate at 7.50 percent.

At 8.00 am ET, Destatis publishes flash consumer and harmonized consumer prices for October. Inflation is expected to rise to a record 10.1 percent from 10.0 percent in September.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | Pred 11 minútami

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | Pred 15 minútami

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | Pred 1 h 42 min

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | Pred 2 h 0 min

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | Pred 2 h 12 min

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | Pred 2 h 18 min

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | Pred 2 h 27 min

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | Pred 2 h 42 min

EURUSD	1.16262	GBPUSD	1.34584	AUDUSD	0.64889
USDJPY	147.831	USDCAD	1.3839	USDCHF	0.80467