European Economic News Preview: German Factory Orders Data Due

RTTNews | 6 ngày trước
European Economic News Preview: German Factory Orders Data Due

(RTTNews) - Factory orders from Germany and final purchasing managers' survey results from the euro area are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data. Orders are forecast to grow 0.9 percent on a monthly basis in September, a turnaround from the 0.8 percent drop in August.

At 2.45 am ET, France's statistical office INSEE releases industrial production for September. Economists expect output to climb 0.1 percent, reversing a 0.7 percent fall in August.

At 3.00 am ET, the Czech Statistical Office is slated to release consumer prices for October. Inflation is seen unchanged at 2.3 percent.

At 3.15 m ET, S&P Global releases Spain's services and composite PMI data. The index is forecast to rise to 54.8 in October from 54.3 in the previous month.

At 3.30 am ET, Sweden's central bank announces its monetary policy decision. The bank is likely to keep its key policy rate unchanged at 1.75 percent.

At 3.45 am ET, Italy's services and composite PMI survey data is due. The services indicator is expected to improve to 53.0 in October from 52.5 in September.

At 3.50 am ET, S&P Global publishes France's final composite PMI data. The final composite output index is expected to match the flash estimate of 46.8.

At 3.55 am ET, Germany's final composite PMI survey results are due. The final reading is forecast to rise to 53.8 in October from 52.0 in September.

The Eurozone's final HCOB composite output index is scheduled for 4.00 AM ET. The flash estimate showed that the index rose to 52.2 in October from 51.2 in September.

Half an hour later, S&P Global releases UK composite PMI data. The composite output index is expected to rise to 51.1 in October, as estimated, from 50.1 in September.

At 5.00 am ET, Eurostat releases euro area producer prices for September. Producer prices are expected to fall 0.2 percent annually, following a 0.6 percent drop in August.

read more
Bay Street May Open Higher Again

Bay Street May Open Higher Again

Canadian stocks may open higher on Tuesday, riding on firm commodity prices. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history, is likely to aid sentiment.
RTTNews | 1h 33phút trước
UK Unemployment Rate Highest Since 2021

UK Unemployment Rate Highest Since 2021

The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.
RTTNews | 2h 27phút trước
FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply

FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply

U.K.'s FTSE 100 index has moved up sharply on Tuesday, amid hopes of a rate cut by the Bank of England next month after data showed an increase in the nation's unemployment rate in the third quarter. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history is also aiding sentiment.
RTTNews | 2h 44phút trước
CAC 40 Up 0.6%; Hermes International, LVMH Among Top Gainers

CAC 40 Up 0.6%; Hermes International, LVMH Among Top Gainers

French stocks are up firmly in positive territory on Tuesday, extending gains from the previous session, following the passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history.
RTTNews | 3h 11phút trước
German Economic Confidence Weakens In November

German Economic Confidence Weakens In November

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.
RTTNews | 4h 9phút trước
Senex, Nifty End Higher On Fed Rate Cut Hopes

Senex, Nifty End Higher On Fed Rate Cut Hopes

Indian shares eked out modest gains on Tuesday, with trade deal hopes and expectations of Federal Reserve interest-rate cuts helping underpin investor sentiment.
RTTNews | 5h 0phút trước