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European Economic News Preview: Eurozone Industrial Output Data Due
(RTTNews) - Industrial production from the euro area and unemployment from Italy are the top economic news due on Wednesday.
At 3.30 am ET, producer prices figures from Switzerland are due. Economists forecast prices to grow 0.2 percent on a monthly basis in February after a 0.1 percent gain in January.
At 5.00 am ET, Italy's statistical office ISTAT publishes quarterly unemployment data. The jobless rate is forecast to rise to 6.2 percent in the fourth quarter from 6.1 percent in the preceding period.
At 6.00 am ET, Eurostat is slated to release euro area industrial production figures. Industrial output is expected to grow 0.5 percent month-on-month in January, in contrast to the 1.1 percent decrease in December.
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New Zealand Retail Sales Climb 0.5% In Q2
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2025, Statistics New Zealand said on Monday - coming in at NZ$25 billion.
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New Zealand Retail Sales Data Due On Monday
New Zealand will on Monday release Q2 numbers for retail sales, highlighting a light day for Asia-Pacific economic activity. Sales are expected to add 0.1 percent on quarter, easing from 0.8 percent in the three months prior.
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U.S. Dollar Drops After Powell's Speech
The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
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TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes
The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
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Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
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Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed
Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
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Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns
Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
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FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
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