European Economic News Preview: ECB Monetary Policy Announcement Due

RTTNews | 663 dagar sedan
European Economic News Preview: ECB Monetary Policy Announcement Due

(RTTNews) - The European Central Bank is slated to announce its monetary policy decision later today after the U.S. Federal Reserve hiked its benchmark rate by a quarter-point on Wednesday.

Markets widely expect the ECB to raise the main refi rate again by 25 basis points, to 4.25 percent. The outcome of the governing council meeting held in Frankfurt is due at 8.15 am ET.

ECB Chief Christine Lagarde is likely to repeat that the interest rates are set to remain high for an extended period.

Consumer sentiment from Germany and Italy are the other major economic reports due on Thursday.

At 2.00 am ET, the market research group Gfk is scheduled to issue Germany's consumer confidence survey data. The forward-looking sentiment index is seen at -24.7 in August, up from -25.4 in July.

At 3.00 am ET, Spain's statistical office INE releases retail sales and unemployment data. Sales are expected to grow 0.6 percent annually but much weaker than the 6.0 percent rise in May. The jobless rate is forecast to fall to 13.00 percent in the second quarter from 13.26 percent in the first quarter.

At 4.00 am ET, Italy's ISTAT publishes business and consumer confidence survey results. The consumer confidence index is seen falling to 107.8 in July from 108.6 in the previous month. The business sentiment index is expected to drop to 99.8 from 100.3 a month ago.

At 6.00 am ET, the Confederation of British Industry is set to publish Distributive Trades survey results.

read more
China Cuts Loan Prime Rates For First Time In 7 Months

China Cuts Loan Prime Rates For First Time In 7 Months

The People's Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions. The central bank lowered its one-year loan prime rate by 10 basis points to 3.0 percent from 3.10 percent.
RTTNews | 22 minuter sedan
European Shares Likely To Open On Firm Note

European Shares Likely To Open On Firm Note

European stocks may open on a positive note Tuesday as trade tensions continue to ease, and China's central bank cut interest rates to record lows to stimulate the world's second-largest economy challenged by weak consumer demand and a property crisis.
RTTNews | 1h 24minuter sedan
R&M Refresher Instant Milk Tea Powder Recalled

R&M Refresher Instant Milk Tea Powder Recalled

Lakewood, Washington-based R&M Trading LLC is recalling R&M Refresher brand Instant Milk Tea powder products of various flavors as they may contain undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.
RTTNews | 1h 33minuter sedan
Australian Market Halves Early Gains In Mid-market

Australian Market Halves Early Gains In Mid-market

The Australian stock market is halving its early gains in mid-market trading on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains in technology and financial stocks partially offset a mixed performance in mining and energy stocks.
RTTNews | 3h 19minuter sedan
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautiously optimistic on the outlook for markets after the U.S.-China temporary trade truce. They now stay focused on the outcome of US trade negotiations with India and Japan. Some traders also locked in profits following the recent upside in the markets.
RTTNews | 3h 44minuter sedan