European Economics Preview: Germany Industrial Output Data Due

RTTNews | 974天前
European Economics Preview: Germany Industrial Output Data Due

(RTTNews) - Industrial production from Germany and revised quarterly national accounts from the euro area are the top economic news due on Wednesday.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production for October. Economists forecast output to fall 0.6 percent on month, offsetting the 0.6 percent increase in September.

In the meantime, UK Halifax house price figures are due. House prices are forecast to fall 0.2 percent on month in November, slower than the 0.4 percent decrease in October.

Also, industrial output from Norway and GDP data from Sweden are due.

At 2.45 am ET, the Bank of France releases current account figures for October. The foreign trade data is also due.

At 3.00 am ET, the Czech Statistical Office publishes industrial output and external trade data. Production is seen rising 7.2 percent annually in October after rising 8.3 percent in September.

At 4.00 am ET, Italy's Istat is set to release retail sales data for October. Sales are expected to drop 0.6 percent on month, in contrast to the 0.5 percent rise in September.

At 5.00 am ET, Eurostat is slated to release euro area revised GDP data. The statistical office is expected to confirm 0.2 percent sequential growth for the third quarter.

read more
DAX Up Sharply As Investors React Positively To Earnings

DAX Up Sharply As Investors React Positively To Earnings

German stocks are up sharply on Thursday, with investors shrugging tariff concerns and going on a buying spree across the board, focusing mostly on earnings. A report showing a growth in the nation's exports in the quarter ended June is aiding sentiment, somewhat outweighing the data showing a sharp drop in industrial output in the month fof June.
RTTNews | 31分钟前
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Thursday.
RTTNews | 40分钟前
German Industrial Output Declines Most In 11 Months

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.
RTTNews | 52分钟前
Indian Rupee Rises To 3-day High Against U.S. Dollar

Indian Rupee Rises To 3-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the Asian session on Thursday, as the monetary policy outlook from the Reserve Bank of India (RBI) helped the Indian currency amid rising trade tensions with the United States (US).
RTTNews | 1小时6分钟前
Sensex, Nifty End Marginally Higher After Early Losses

Sensex, Nifty End Marginally Higher After Early Losses

Indian shares reversed early losses to end on a flat note Thursday. A cautious undertone prevailed after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
RTTNews | 1小时16分钟前
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | 2小时43分钟前