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European Economic News Preview: UK Retail Sales Data Due
(RTTNews) - Retail sales from the UK and business confidence from France are due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK retail sales for March. Sales are forecast to fall 0.3 percent month-on-month, in contrast to the 1.0 percent increase in February.
Half an hour later, unemployment data is due from Hungary.
At 2.45 am ET, France's statistical office INSEE is scheduled to release business sentiment survey results. The confidence index is seen unchanged at 96 in April.
At 6.30 am ET, Russia's central bank announces its monetary policy decision. The bank is set to hold its benchmark rate at 21.00 percent.
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U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated modestly less than previously estimated in the month of April. The University of Michigan said its consumer sentiment index for April was upwardly revised to 52.2 from a preliminary reading of 50.8. Economists had expected the index to be unrevised.
RTTNews
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Před 1 h 40 min
Russia Holds Key Interest Rate As Expected
The Bank of Russia left its interest rate unchanged as widely expected on Friday, despite high inflationary pressures. The board of directors, governed by Elvira Nabiullina, maintained the key interest rate at a record high 21.00 percent. The Russian central bank has raised the key interest rate by 1,350 basis points since July 2023.
RTTNews
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Před 2 h 3 min
UK Retail Sales Rise; Consumer Sentiment Weakens
UK retail sales grew unexpectedly in March as good weather boosted demand for clothing and garden supplies, but U.S. President Donald Trump's tariff threats and concerns of higher inflation dampened consumer sentiment, data showed Friday. Retail sales grew 0.4 percent on a monthly basis, confounding expectations for a decline of 0.3 percent.
RTTNews
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Před 2 h 50 min
Bay Street May Open On Weak Note
Canadian shares look headed for a weak start on Friday, weighed down by lower crude oil and metal prices. Worries about U.S. - China trade tensions may also weigh on sentiment.
RTTNews
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Před 3 h 39 min
Colgate-Palmolive Q1 Beats Market; Cuts FY25 Earnings, Organic Sales View On Tariffs
Consumer products major Colgate-Palmolive Co. on Friday reported higher profit above market estimates in its first quarter with organic sales growth amid very difficult market conditions. Net sales, meanwhile declined, though were above the Street. Further, the firm trimmed its earnings and organic sales forecast for fiscal 2025 on tariff uncertainty, but raised net sales view.
RTTNews
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Před 4 h 0 min
FTSE 100 Up Slightly In Cautious Trade
U.K. stocks are turning in a mixed performance in cautious trade on Friday with investors digesting some earnings updates, and hoping for a de-escalation in U.S. - China trade spat.
RTTNews
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Před 4 h 34 min
CAC Modestly Higher; Safran Rises Sharply On Strong Results
French stocks are gaining some ground in positive territory on Friday amid optimism about a likely de-escalation in U.S.-China trade dispute, and on data showing an improvement in French manufacturing sentiment in the month of April.
RTTNews
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Před 5 h 26 min
Yen Falls As European Shares Inch Higher
The Japanese yen weakened against other major currencies in the European session on Friday, as European shares eked out modest gains, with signs of easing Sino-U.S. trade tensions and some upbeat corporate earnings helping underpin investor sentiment.
RTTNews
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Před 5 h 57 min
