European Economic News Preview: Eurozone Flash GDP, Inflation Data Due

RTTNews | 736 dagar sedan
European Economic News Preview: Eurozone Flash GDP, Inflation Data Due

(RTTNews) - Flash inflation and quarterly national accounts from the euro area and mortgage approvals from the UK are due on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, Germany's statistical office Destatis is scheduled to issue retail sales and import prices for June. Economists forecast retail sales to fall 2.7 percent annually after a 3.6 percent drop in May.

At 3.00 am ET, consumer prices from Austria and GDP data from the Czech Republic are due. The Czech economy is forecast to grow 0.2 percent sequentially in the second quarter after staying flat in the first quarter.

At 4.00 am ET, Italy's statistical office ISTAT releases flash GDP data for the second quarter. Economists expect GDP to remain flat after expanding 0.6 percent in the first quarter.

Half an hour later, the Bank of England publishes UK mortgage approvals for June. The number of mortgage approvals is seen at 49,000 in June, down from 50,524 in May. At 5.00 am ET, Eurostat publishes euro area flash GDP and inflation data. The currency bloc is expected to grow 0.2 percent on quarter in the second quarter after staying flat a quarter ago. Inflation is forecast to slow to 5.3 percent in July from 5.5 percent in June.

In the meantime, flash inflation figures are due from Italy.

read more
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 3h 11minuter sedan
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 3h 31minuter sedan
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 6h 8minuter sedan
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 6h 55minuter sedan
Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.
RTTNews | 8h 2minuter sedan
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.
RTTNews | 8h 13minuter sedan