European Economic News Preview: UK Inflation Data Due

RTTNews | 656 gün önce
European Economic News Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK and revised quarterly national accounts from the euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for July. Consumer price inflation is expected to ease to 6.8 percent from 7.9 percent in June. Output prices are forecast to fall 1.3 percent on a yearly basis, in contrast to the 0.1 percent rise in June.

At 2.30 am ET, the Hungarian Statistical Office publishes preliminary GDP data for the second quarter.

At 3.30 am ET, flash GDP, household consumption and foreign trade figures are due from the Netherlands.

At 4.00 am ET, Statistics Poland is scheduled to release the second quarter GDP data. The economy is forecast to shrink 2.5 percent sequentially after expanding 3.8 percent a quarter ago.

At 5.00 am ET, Eurostat is slated to publish euro area GDP and industrial production data. The initial estimate showed that the 20-nation currency bloc expanded 0.3 percent in the second quarter after remaining flat in the preceding period.

read more
UK Manufacturing Sector Shrinks Sharply

UK Manufacturing Sector Shrinks Sharply

The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
RTTNews | 38 dakika önce
Eurozone Manufacturing Activity Contraction Slows

Eurozone Manufacturing Activity Contraction Slows

Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
RTTNews | 54 dakika önce
UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.
RTTNews | 2s 8 dakika önce
Bay Street May Open Higher On Firm Commodity Prices

Bay Street May Open Higher On Firm Commodity Prices

Canadian shares may open higher on Monday as firm crude oil and bullion prices are expected to trigger some strong buying in energy and materials sectors. Worries about trade tensions may hurt a bit and limit market's upside.
RTTNews | 2s 41 dakika önce
FTSE Up Slightly As Stocks Turn In Mixed Performance

FTSE Up Slightly As Stocks Turn In Mixed Performance

U.K. stocks are turning in a mixed performance in cautious trade on Monday, amid concerns about the Trump administration's tariff stance. The Sino-U.S. trade tensions, with the two nations accusing each other of violating trade agreement, and U.S. President Donald Trump's remarks that the tariffs on steel and aluminum will be doubled to 50%, are weighing sentiment.
RTTNews | 3s 32 dakika önce
U.S. Dollar Falls On Re-escalating US-China Trade Tensions

U.S. Dollar Falls On Re-escalating US-China Trade Tensions

The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.
RTTNews | 4s 8 dakika önce
Swiss GDP Growth Accelerates In Q1

Swiss GDP Growth Accelerates In Q1

Switzerland's economic growth accelerated in the first quarter on a notable rebound in exports to the US ahead of the increase in trade tariffs, official data revealed on Monday. Gross domestic product expanded by adjusted 0.8 percent sequentially after rising 0.6 percent in the fourth quarter of 2024, the State Secretariat for Economic Affairs, or SECO, reported.
RTTNews | 4s 23 dakika önce