European Economic News Preview: UK GDP Data Due

RTTNews | il y a 77
European Economic News Preview: UK GDP Data Due

(RTTNews) - GDP monthly estimates and foreign trade from the UK and final inflation from Germany are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. Economists forecast the economy to grow 0.2 percent on month in November, in contrast to the 0.1 percent fall in October.

In the meantime, Destatis releases Germany's final inflation data. The statistical office is expected to confirm consumer price inflation at 2.6 percent in December, up from 2.2 percent in November.

At 4.00 am ET, Italy's statistical office ISTAT publishes final consumer prices for December. Inflation is seen at 1.3 percent in December, unchanged from the flash estimate.

At 5.00 am ET, Eurostat is slated to issue euro area foreign trade data. The trade surplus is forecast to rise to EUR 11.8 billion in November from EUR 6.8 billion in October.

Also, foreign trade data is due from Italy. The trade surplus is expected to decline to EUR 4.5 billion in November from EUR 5.15 billion in October.

At 6.00 am ET, inflation data is due from Ireland. Economists forecast harmonized inflation to double to 1.0 percent in December from 0.5 percent in November.

At 7.30 am ET, the European Central Bank is scheduled to issue the account of the monetary policy meeting of the Governing Council held on December 11 and 12.

At 8.00 am ET, the monetary policy announcement is due from Poland. The central bank is likely to hold the benchmark rate at 5.75 percent.

read more
European Shares Tumble On Tariff Jitters

European Shares Tumble On Tariff Jitters

European stocks fell sharply on Thursday as investors fretted about the potential repercussions of the new tariffs announced by U.S. President Donald Trump.
RTTNews | il y a 4h 42min
Asian Shares Slide On Trade War Concerns

Asian Shares Slide On Trade War Concerns

Asian stocks tumbled on Thursday after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers "worst offenders" based on trade deficits and non-tariff barriers.
RTTNews | il y a 5h 4min
DAX Down Sharply Despite Coming Off Early Lows

DAX Down Sharply Despite Coming Off Early Lows

German stocks are down sharply Thursday morning due to heavy selling almost across the board as investors react to the U.S. government's announcement of "reciprocal tariffs." The much steeper-than-expected tariffs on US trade partners, has heightened concerns over a global trade war that could destabilize major economies.
RTTNews | il y a 5h 5min
U.S. Dollar Drops Amid Fed Rate Cut Bets

U.S. Dollar Drops Amid Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the European session on Thursday, as traders increase their bets that the Fed will lower rates in June, as Trump imposes fresh tariffs, traders increase their wagers that the Fed will lower rates in June.
RTTNews | il y a 5h 8min
Commodity Currency's Slide As Trump Unveils Tariff Plans

Commodity Currency's Slide As Trump Unveils Tariff Plans

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, after U.S. President Donald Trump announced steeper-than-expected reciprocal tariffs on U.S. trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately."
RTTNews | il y a 5h 19min