European Economics Preview: Germany & France GDP Data Due

RTTNews | 894 dias atrás
European Economics Preview: Germany & France GDP Data Due

(RTTNews) - 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. At 2.00 am ET, Destatis releases Germany's import prices and unemployment data. Import price inflation is seen easing to 29.9 percent in June from 30.6 percent in the previous month.

Half an hour later, retail sales data is due from Switzerland.

At 2.45 am ET, France's flash inflation figures are due. Consumer price inflation is expected to advance to 6.0 percent in July from 5.8 percent in June.

At 3.00 am ET, Spain's INE publishes flash quarterly national accounts and consumer price data. The economy is expected to expand 0.4 percent sequentially, faster than the 0.2 percent increase in the first quarter. Consumer price inflation is forecast to accelerate to 10.6 percent in July from 10.2 percent in June.

In the meantime, the KOF leading indicator from Switzerland, flash GDP data from Austria and the Czech Republic are due.

At 3.55 am ET, Germany's unemployment data is due from the Federal Labor Agency. The jobless rate is expected to rise slightly to 5.4 percent in July from 5.3 percent in June.

At 4.00 am ET, Destatis is slated to issue Germany's flash GDP data for the second quarter. Economists forecast the economy to grow 0.1 percent sequentially, slower than the 0.2 percent rise in the first quarter.

Also, flash GDP data from Italy and preliminary inflation from Poland are due at 4.00 am ET.

At 4.30 am ET, the Bank of England is scheduled to release mortgage approvals data for June. The number of mortgages approved in June is expected to fall to 65,000 from 66,163 in May.

At 5.00 am ET, Eurostat releases euro area flash GDP data and inflation figures. Economists forecast the currency bloc to grow 0.2 percent sequentially, following a 0.6 percent rise a quarter ago. Flash inflation is seen at 8.6 percent in July, unchanged from June.

read more
TSX Modestly Higher, Looks Set To End On Firm Note

TSX Modestly Higher, Looks Set To End On Firm Note

The Canadian market is modestly higher Wednesday afternoon thanks to technology and materials stocks. Healthcare, communications, consumer discretionary and utilities stocks are among the notable losers.
RTTNews | 6h 14min atrás
Fed Officials Prefer Careful Approach To Rate Decisions Amid Inflation Risks

Fed Officials Prefer Careful Approach To Rate Decisions Amid Inflation Risks

Many Federal Reserve officials believe a careful approach to interest rate decisions will be necessary over the coming quarters, according to the minutes of the central bank's December monetary policy meeting. The minutes said the careful approach will be needed due to a variety of factors, including increased upside risks to the outlook for inflation.
RTTNews | 6h 34min atrás
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a good spell till an hour past noon, Swiss stocks retreated, but emerged higher in the final hour thanks to selective buying to end the day's session on a positive note.
RTTNews | 7h 15min atrás
European Stocks Close Lower On Weak Economic Data

European Stocks Close Lower On Weak Economic Data

European stocks closed weak on Wednesday, weighed down by data showing a drop in eurozone economic sentiment in the month of December, and decline in German retail sales and factory orders.
RTTNews | 7h 34min atrás
Euro Falls On Tariff Concerns

Euro Falls On Tariff Concerns

The euro dropped against its most major counterparts in the New York session on Wednesday on concerns that implementation of new tariffs by the incoming Donald Trump administration could lift inflation.
RTTNews | 7h 59min atrás
U.S. Wholesale Inventories Dip 0.2% In November, In Line With Estimates

U.S. Wholesale Inventories Dip 0.2% In November, In Line With Estimates

Wholesale inventories in the U.S. dipped in line with estimates in the month of November, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said wholesale inventories slipped by 0.2 percent in November, matching the preliminary estimate as well as economists' expectations.
RTTNews | 10h 51min atrás
U.S. Jobless Claims Unexpectedly Slip To Nearly Eleven-Month Low

U.S. Jobless Claims Unexpectedly Slip To Nearly Eleven-Month Low

With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th. The report said initial jobless claims slipped to 201,000, a decrease of 10,000 from the previous week's unrevised level of 211,000.
RTTNews | 11h 30min atrás
U.S. Private Sector Job Growth Slows More Than Expected In December

U.S. Private Sector Job Growth Slows More Than Expected In December

Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by 140,000 jobs.
RTTNews | 12h 8min atrás