European Economic News Preview: UK GDP, Foreign Trade Data Due

RTTNews | 259 dagar sedan
European Economic News Preview: UK GDP, Foreign Trade Data Due

(RTTNews) - Monthly GDP and foreign trade from the UK and final inflation from France and Spain are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. GDP is forecast to grow 0.1 percent on month in October, offsetting the 0.1 percent fall in September. The visible trade deficit is seen at GBP 16.1 billion compared to a shortfall of GBP 16.3 billion in the previous month.

In the meantime, Destatis is scheduled to issue Germany's external trade and wholesale prices for November. Economists forecast the trade surplus to fall to EUR 15.7 billion in October from EUR 17.0 billion in September.

At 2.45 am ET, France's statistical office INSEE publishes final consumer and harmonized prices for November. Inflation was initially estimated at 1.3 percent compared to 1.2 percent in October.

At 3.00 am ET, Spain's INE is slated to issue consumer and harmonized prices for November. Consumer price inflation is seen at 2.4 percent, in line with flash estimate, and up from 1.8 percent in October.

At 5.00 am ET, Eurostat publishes euro area industrial production for October. Economists forecast industrial output to remain flat after falling 2.0 percent in September.

read more
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.
RTTNews | 1h 57minuter sedan
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.
RTTNews | 4h 1minuter sedan
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.
RTTNews | 4h 30minuter sedan
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.
RTTNews | 5h 36minuter sedan
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | 5h 53minuter sedan