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Eurozone GDP Growth Improves In Q2

Eurozone GDP Growth Improves In Q2

The euro area logged a faster growth in the second quarter as France, Italy and Spain fared well despite deepening energy crisis and high inflation, while Germany failed to gain momentum, official data showed Friday. Gross domestic product grew 0.7 percent on a quarterly basis, following the first quarter's 0.5 percent expansion, preliminary flash estimate from Eurostat revealed.
RTTNews | 697 gün önce
CAC-40 Climbs On Growth And Earnings Boost

CAC-40 Climbs On Growth And Earnings Boost

CAC-40 is trading more than a percent higher on Friday as upbeat earnings updates and a more than expected GDP growth helped reinforce market sentiment.
RTTNews | 697 gün önce
DAX Firm Amidst Fresh Growth, Inflation Readings

DAX Firm Amidst Fresh Growth, Inflation Readings

The German stock market benchmark DAX remained firm amidst a slew of data releases that revealed the latest position in respect of GDP growth, inflation, unemployment etc. in the region as well as in the larger Eurozone.
RTTNews | 697 gün önce
German Economy Stagnates In Q2

German Economy Stagnates In Q2

The German economy stagnated in the second quarter as growth in household and government spending was offset by the weaker foreign trade, official data showed on Friday. Gross domestic product remained flat in the second quarter, following a revised growth of 0.8 percent in the preceding quarter, Destatis reported.
RTTNews | 697 gün önce
China Fears Drag Asian Stocks

China Fears Drag Asian Stocks

Asian stocks finished mixed as fresh concerns over economic growth in China eclipsed positive sentiments triggered by the earnings season as well as potential pause or slowdown by the Fed. Hong Kong's Hang Seng declined more than 2 percent as tech stocks and real estate stocks were under pressure.
RTTNews | 697 gün önce
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Japanese Yen Advances On Recession Concerns

Japanese Yen Advances On Recession Concerns

The Japanese yen was higher against its major counterparts in the Asian session on Friday, as recession fears intensified following a data showing a contraction in U.S. economic growth for a second straight quarter.
RTTNews | 697 gün önce
France GDP Rebounds More Than Expected In Q2

France GDP Rebounds More Than Expected In Q2

The French economy rebounded more than expected in the second quarter driven by foreign demand and investment, the first estimate published by the statistical office Insee showed on Friday. Gross domestic product grew 0.5 percent in the second quarter from the preceding quarter, when the economy shrank 0.2 percent. GDP was forecast to grow 0.2 percent.
RTTNews | 697 gün önce
European Stocks Seen Opening Firm

European Stocks Seen Opening Firm

European stock markets are expected to open on a positive note on Friday amidst data that showed the U.S. economy contracting by 0.90 percent in the second quarter, that triggered both fears of a recession as a well as hopes of a slowdown in the Fed's rate hiking spree. Sentiment would also be influenced by the earnings updates and economic data releases due later in the day.
RTTNews | 697 gün önce
European Economics Preview: Germany & France GDP Data Due

European Economics Preview: Germany & France GDP Data Due

Quarterly national accounts from Germany, France and other major euro area economies are due on Friday, headlining a hectic day for the European economic news. At 1.30 am ET, France's Insee publishes preliminary GDP and household spending data. The economy is forecast to grow 0.2 percent in the second quarter, offsetting a 0.2 percent fall in the first quarter.
RTTNews | 697 gün önce
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, as trader sentiment remains positive on hopes the U.S. Fed will slow down its pace of interest rate hikes at its upcoming meetings. However, the unexpected decline in US GDP for the second consecutive quarter signals the U.S. economy is in a technical recession.
RTTNews | 697 gün önce

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