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European Economic News Preview: Germany Industrial Output, Construction PMI Due

RTTNews | vor 698 Tagen

European Economic News Preview: Germany Industrial Output, Construction PMI Due

(RTTNews) - Industrial production and construction Purchasing Managers' survey results from Germany are due on Thursday, headlining a light day for the European economic news.

At 1.45 am ET, unemployment data is due from Switzerland. The jobless rate is forecast to fall slightly to 2.0 percent in March from 2.1 percent in February.

At 2.00 am ET, Destatis is slated to release Germany's industrial production for February. Economists expect output to gain 0.1 percent on month, slower than the 3.5 percent increase in January.

In the meantime, UK Halifax house price data is due. House prices are expected to fall 0.3 percent on month in March, reversing a 1.1 percent increase in February.

Also, GDP, industrial production and household consumption are due from Statistics Sweden.

At 3.00 am ET, wholesale prices and foreign trade figures are due from Austria. And industrial and construction output and external trade reports are due from the Czech Republic.

At 3.30 am ET, S&P Global publishes Germany's construction Purchasing Managers' survey results.

At 4.30 am ET, UK S&P/CIPS construction PMI data is due. The index is seen falling to 53.5 in March from 54.6 in February.

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Bay Street Seen Opening With Negative Bias

Bay Street Seen Opening With Negative Bias

Canadian shares may open with a negative bias Tuesday morning as trade war heats up with Canada retaliating with tariffs on over $1 billion worth of US imports within hours of U.S. President Donald Trump's announcement that tariffs on goods and Canada and Mexico will become effective today.

RTTNews | vor 8Std 19 Minuten

TSMC Shares Gain On $100 Bln US Investment

TSMC Shares Gain On $100 Bln US Investment

Shares of Taiwan Semiconductor Manufacturing Co. or TSMC were gaining around 2 percent in the pre-market activity on the NYSE after the chipmaker announced its additional $100 billion investment in the United States to build five more facilities for advanced chip manufacturing, as part of the ongoing efforts in the country to boost artificial intelligence.

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Eurozone Jobless Rate Steady At Record Low

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Euro area unemployment rate remained unchanged at a record low in January despite weaker economic activity, official data showed Tuesday. The jobless rate stood at 6.2 percent in January, unchanged from December, Eurostat reported. This was down from 6.5 percent in the same period last year. The expected rate was 6.3 percent.

RTTNews | vor 9Std 47 Minuten

FTSE 100 Modestly Lower In Cautious Trade

FTSE 100 Modestly Lower In Cautious Trade

The UK market is off early lows in late morning trade on Tuesday with investors largely making stock specific moves, reacting to quarterly earnings updates. Worries about trade war following new U.S. tariffs against China, Canada and Mexico taking effect today.

RTTNews | vor 10Std 30 Minuten

U.S. Dollar Falls On Weak U.S. Economic Data

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CAC 40 Drifts Lower On Trade War Concerns; Thales Rises Sharply On Results

CAC 40 Drifts Lower On Trade War Concerns; Thales Rises Sharply On Results

French stocks are down firmly in negative territory Tuesday morning, with new U.S. tariffs on Canada, Mexico and China, and U.S. President Donald Trump's threat that he will impose reciprocal tariffs from early April, hurting sentiment.

RTTNews | vor 11Std 31 Minuten

Sensex, Nifty End With Modest Losses; IT And Auto Stocks Drag

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Indian shares ended slightly lower on Tuesday amid concerns that U.S. President Donald Trump's "tariffs on steroids" agenda may keep inflation higher and could tip the global economy into recession.

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U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the European session on Tuesday.

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