European Economic News Preview: UK Factory PMI Data Due
(RTTNews) - Factory Purchasing Managers' survey results and house prices from the UK are due on Friday, headlining a light day for the European economic news.
At 3.00 am ET, the UK Nationwide house price data is due. House prices are forecast to grow 2.8 percent annually in October after rising 3.2 percent in September.
At 3.30 am ET, consumer prices and retail sales are due from Switzerland. Consumer price inflation is seen unchanged at 0.8 percent in October.
At 5.30 am ET, S&P Global is slated to publish UK final manufacturing Purchasing Managers' survey data. The final PMI is seen at a 6-month low of 50.3, in line with flash estimate, and down from 51.5 in September.
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FTSE 100 Slightly Higher In Cautious Trade
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DAX Rises Ahead Of Busy Data Week; Commerzbank Shares Slump 6%
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Asian Shares Mostly Higher On Bessent Pick For US Treasury
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China Keeps Medium-Term Lending Facility Rate Unchanged
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U.S. Dollar Falls Amid Risk Appetite
The U.S. dollar weakened against other major currencies in the Asian session on Monday amid risk appetite, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the U.S. Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Monday.
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