European Economic News Preview: UK Public Sector Finance Data Due
(RTTNews) - Public sector finances data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK public sector net borrowing data for July. The budget deficit is expected to narrow to GBP 0.5 billion from GBP 13.6 billion in June.
At 4.00 am ET, industrial production, producer prices and corporate wages figures are due from Poland.
Economists forecast Poland industrial output to grow 7.3 percent annually in July after rising 0.3 percent in June. Producer prices are expected to fall 5 percent on year after easing 6.1 percent in the prior month.
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Antipodean Currencies Fall Ahead Of U.S. Presidential Election
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.
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European Economic News Preview: German Ifo Business Confidence Data Due
Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.
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European Markets Seen Opening On A Weak Note
European markets are expected to open on Friday on a cautious note as market's focus on the health of the corporate sector.
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NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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Thai Shares May Stop The Bleeding On Friday
The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday.
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Higher Open Called For Indonesia Stock Market
The Indonesia stock market has finished lower in back-to-back sessions, dropping almost 75 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,715-point plateau although it's tipped to open in the green on Friday.
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Hong Kong Bourse May Reverse Thursday's Losses
The Hong Kong stock market on Thursday snapped the two-day winning streak in which it had advanced more than 280 points or 1.4 percent. The Hang Seng Index now sits just beneath the 20,490-point plateau although it's expected to open to the upside on Friday.
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