European Economic News Preview: UK GDP Data Due

RTTNews | 775 ngày trước

(RTTNews) - Monthly GDP, industrial production and foreign trade figures from the UK and the minutes of the governing council of the European Central Bank are due on Thursday.

At 2.00 am ET, the Office for National Statistics publishes UK GDP data along with industrial production and external trade reports.

The UK economy is forecast to shrink 0.4 percent on month in May, in contrast to the 0.2 percent increase in April. Economists expect industrial output to fall 0.4 percent and manufacturing output to ease 0.5 percent. The visible trade deficit is seen at GBP 14.7 billion in May compared to GBP 14.99 billion in April.

At 2.45 am ET, France's statistical office INSEE is scheduled to issue final consumer and harmonized prices for June. The statistical office is set to confirm consumer price inflation at 4.5 percent, down from 5.1 percent in May.

At 3.00 am ET, the Czech Statistical Office releases consumer price data for June. Inflation is expected to slow to 9.8 percent from 11.1 percent in May. At 4.30 am ET, the Bank of England releases Credit Conditions Survey results.

At 5.00 am ET, Eurostat is set to publish industrial production for May. Eurozone industrial output is expected to grow 0.3 percent on month, slower than the 1.0 percent rise in April.

In the meantime, EU summer economic forecast is due.

At 7.30 am ET, the European Central Bank publishes the account of the monetary policy meeting of the governing council held on June 14 and 15.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 1h 5phút trước

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 1h 26phút trước

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1h 57phút trước

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 37phút trước

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 3h 5phút trước

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3h 7phút trước

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3h 22phút trước

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3h 25phút trước

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