European Economics Preview: Eurozone Current Account Data Due
(RTTNews) - Current account data from the euro area is due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's producer price data. Producer price inflation is seen at 37.1 percent in August versus 37.2 percent in July.
At 3.00 am ET, the State Secretariat for Economic Affairs releases Swiss August economic forecast.
At 3.30 am ET, Sweden's central bank announces its monetary policy decision. The bank is forecast to raise its key rate to 1.50 percent from 0.75 percent.
At 4.00 am ET, the European Central Bank publishes euro area current account data. The current account surplus is seen at EUR 5.3 billion in July versus EUR 4.2 billion in June.
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European Shares Rise As Bond Yields Ease
European stocks edged higher on Wednesday as bond yields eased after the release of softer-than-expected U.S. producer inflation data.
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vor 5Std 42 Minuten
Asian Shares Muted Ahead Of US CPI Data
Asian stocks ended little changed on Wednesday after reports emerged that U.S. President-elect Donald Trump's economic advisers are discussing slowly ramping up tariffs month by month.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the pre-European session on Wednesday.
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Yen Rises As BoJ Governor Ueda Signals Rate Hike
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, after Bank of Japan Governor Kazuo Ueda signaled raising interest rates at next week's meeting.
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European Economic News Preview: UK Inflation Data Due
Consumer and producer prices from the UK and industrial production from the euro area are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for December. Inflation is forecast to remain unchanged at 2.6 percent.
Economists forecast output prices to remain flat on year, following a 0.6 percent drop in November.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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European Shares Seen Modestly Higher At Open; US CPI Data Eyed
European stocks may see modest gains at open on Wednesday as investors await the U.S. consumer price index (CPI) report for December 2024 later in the day for clues on the path of Federal Reserve policy.
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Sensex, Nifty Modestly Higher Led By PSU Stocks; Financials Drift Lower
Indian shares were slightly higher in early trade on Wednesday after bouncing back from a four-day losing streak the previous day on signs of easing retail inflation in the country.
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