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European Economics Preview: UK Inflation Data Due

RTTNews | Pred 1112 dňami

European Economics Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK and quarterly national accounts from the euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for July. Consumer price inflation is seen at 9.8 percent in July, up from 9.4 percent in June. Factory gate inflation is forecast to ease to 16.2 percent from 16.5 percent in June.

At 3.00 am ET, GDP data from Hungary is due. The economy is forecast to expand 6.1 percent on year in the second quarter versus 8.2 percent growth a quarter ago.

Half an hour later, consumer spending, foreign trade and GDP figures are due.

At 4.00 am ET, Poland's GDP data is due. The economist forecast the economy to shrink 0.8 percent sequentially, reversing the first quarter's 2.5 percent expansion. At 5.00 am ET, Eurostat publishes euro area flash GDP and employment data for the second quarter. Economists expect the currency bloc to grow 0.7 percent, as initially estimated.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | Pred 26 minútami

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | Pred 31 minútami

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | Pred 38 minútami

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | Pred 2 h 39 min

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | Pred 2 h 51 min

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | Pred 2 h 53 min

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | Pred 3 h 40 min

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | Pred 4 h 49 min

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