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European Economic News Preview: ECB Minutes Due
(RTTNews) - The minutes of the European Central Bank's monetary policy meeting is due on Thursday, headlining a light day for the European economic news.
At 2.30 am ET, the Swiss Federal Statistical Office is slated to issue producer and import prices for December.
At 4.00 am ET, the European Central Bank releases euro area current account data for November. The current account deficit totaled seasonally adjusted EUR 0.4 billion in October.
Half an hour later, the Bank of England releases Credit Conditions Survey results. At 7.30 am ET, the European Central Bank is scheduled to release the account of the monetary policy meeting of the Governing Council held on December 14 and 15.
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Canadian Dollar Advances Against Majors
The Canadian dollar firmed against its major counterparts in the New York session on Friday.
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Swiss Market Ends Higher For 2nd Straight Session
The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.
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Major European Markets Close Slightly Weak
The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
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TSX Marches On, Hits Fresh Record High; Materials Stocks Rally
The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices.
The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
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Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings
The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
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Bay Street Likely To Open On Subdued Note
Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
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FTSE 100 Recovers After Slight Setback, Up Marginally At Noon
After an early modest upmove, the U.K. market slipped into negative territory Friday morning, but recovered ground subsequently to emerge above the flat thanks to selective buying at a few frontline counters.
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Pound Slides As UK Bond Yield Soars
The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
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