European Economic News Preview: Bank Of England To Cut Interest Rate

RTTNews | 95 dagar sedan

(RTTNews) - The Bank of England is set to cut its benchmark interest rate by a quarter-point on Thursday, to cope with the economic slowdown triggered by trade tariffs.

The Monetary Policy Committee is expected to reduce the Bank Rate to 4.25 percent from 4.50 percent.

The BoE had maintained its interest rate at its March meeting after reducing it three times since last year. The bank is also slated to publish its outlook for both inflation and economy for the first time since the announcement of trade tariff by the US administration in April.

Other major economic reports due on Thursday are industrial production and foreign trade from Germany and house prices from the UK.

At 2.00 am ET, Destatis publishes Germany's industrial production and foreign trade figures. Economists forecast industrial output to grow 0.9 percent on a monthly basis in March, reversing a 1.3 percent fall in February.

Germany's trade surplus is expected to rise to EUR 19.0 billion in March from EUR 17.7 billion in the previous month. Exports and imports are forecast to grow 1.0 percent and 0.4 percent, respectively.

At 3.00 am ET, Spain's statistical office INE releases industrial production for March.

At 3.30 am ET, Sweden's central bank announces its policy decision. The bank is expected to hold its policy rate at 2.25 percent.

Half an hour later, Norges Bank is set to issue its monetary policy report. Norges Bank is also forecast to leave its interest rate unchanged at 4.50 percent.

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 28 minuter sedan

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 1h 22minuter sedan

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1h 30minuter sedan

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1h 45minuter sedan

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 1h 52minuter sedan

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2h 0minuter sedan

Taiwan Shares May Run Out Of Steam On Tuesday

The Taiwan stock market has moved higher in three straight sessions, rallying more than 685 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 24,135-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2h 30minuter sedan

Singapore Q2 GDP Climbs 4.4% On Year

Singapore's gross domestic product expanded 4.4 percent on year in the second quarter of 2025, the Ministry of Trade and Industry said on Tuesday - beating forecasts for 4.3 percent, which would have been unchanged.

RTTNews | 2h 37minuter sedan

EURUSD	1.16218	GBPUSD	1.34362	AUDUSD	0.65236
USDJPY	148.301	USDCAD	1.37731	USDCHF	0.81097