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European Economic News Preview: UK GDP, Mortgage Approvals Data Due

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European Economic News Preview: UK GDP, Mortgage Approvals Data Due

(RTTNews) - Revised quarterly national accounts and mortgage approvals from the UK and flash inflation from Germany are due on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK GDP and business investment data. The initial estimate showed that the UK economy grew 0.6 percent in the second quarter after rising 0.7 percent in the preceding period.

In the meantime, UK Nationwide house price data is due.

Also, Destatis publishes Germany's import prices and retail sales figures. Import prices are forecast to fall 0.4 percent on month in August.

At 4.30 am ET, the Bank of England is set to issue UK mortgage approvals for August. The number of mortgage approvals is expected to rise to 64,000 after an increase of 61,999 in the prior month.

At 5.00 am ET, Italy's ISTAT releases flash inflation data for September.

At 8.00 am ET, Destatis releases Germany's flash inflation data for September. Economists expect inflation to slow to 1.5 percent from 1.9 percent in August.

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DAX 30 Moderately Higher As Stocks Rise On Bargain Hunting

DAX 30 Moderately Higher As Stocks Rise On Bargain Hunting

German stocks are up in positive territory Tuesday morning with investors picking up shares following a four-session losing streak. The market is also benefiting from a drop in bond yields and reports that the Trump administration is considering a more gradual approach to tariffs.

RTTNews | 5घंटे 13 मिनट पहले

Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

The Swiss franc strengthened against other major currencies in the European session on Tuesday.

RTTNews | 7घंटे 4 मिनट पहले

Commodity Currencies Rise Amid Risk Appetite

Commodity Currencies Rise Amid Risk Appetite

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Tuesday amid risk appetite, as markets in the region cheered news that President-elect Donald Trump's economic team is discussing a cautious and slow approach in implementing tariff hikes to avoid an inflation spike.

RTTNews | 7घंटे 35 मिनट पहले

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

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

RTTNews | 8घंटे 8 मिनट पहले

Canadian Dollar Climbs Against Most Majors

Canadian Dollar Climbs Against Most Majors

The Canadian dollar strengthened against most major currencies in the Asian session on Tuesday.

RTTNews | 8घंटे 28 मिनट पहले

European Markets Expected To Rebound

European Markets Expected To Rebound

Stock markets in Europe are expected to open on a positive note on Tuesday tracking the positive sentiment in Asia as well as the mixed sentiment in Wall Street on Monday.

RTTNews | 9घंटे 2 मिनट पहले

NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Tuesday.

RTTNews | 9घंटे 35 मिनट पहले

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.

RTTNews | 9घंटे 44 मिनट पहले

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