European Economic News Preview: BoE Chief To Attend Treasury Committee Hearing

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European Economic News Preview: BoE Chief To Attend Treasury Committee Hearing

(RTTNews) - The treasury select committee hearing of the Bank of England governor is the only major event due on Thursday.

At 3.00 am ET, the Czech Statistical Office releases producer prices for April. Producer price inflation is seen slowing to 7.5 percent from 10.2 percent in March.

At 4.00 am ET, foreign trade data is due from Spain.

At 5.00 am ET, European Central Bank President Christine Lagarde attends the official celebration of the 175th anniversary of the first German national parliamentary assembly event in Frankfurt.

At 5.15 am ET, Bank of England Chief Andrew Bailey and policymakers Ben Broadbent and Dave Ramsden are set to attend the Treasury Select Committee hearing on quantitative tightening.

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European Shares Seen Mostly Lower Before US Inflation Data

European Shares Seen Mostly Lower Before US Inflation Data

European stocks may open broadly lower on Friday as the prospect of a peace agreement between Russia and Ukraine waned and focus shifted to a key U.S. inflation reading due later in the day that could provide additional clues on the Federal Reserve's rate outlook.
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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
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Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
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Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
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