European Economic News Preview: UK Inflation Data Due

RTTNews | 736天前
European Economic News Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for January. Consumer price inflation is forecast to ease to 10.3 percent from 10.5 percent in December.

Economists forecast UK output prices to grow 13.3 percent in January from the last year, slower than the 14.7 percent increase in December. Likewise, input price inflation is seen easing to 14.7 percent from 16.5 percent.

At 3.00 am ET, Spain's INE publishes final consumer and harmonized prices for January. Inflation is forecast to rise slightly to 5.8 percent, as initially estimated, from 5.7 percent in December.

At 5.00 am ET, Eurostat publishes euro area industrial production and foreign trade figures. Industrial output is expected to fall 0.8 percent on month, reversing November's 1.0 percent increase. The trade deficit is seen widening to EUR 12.5 billion in December from EUR 11.7 billion in November.

read more
U.S. Dollar Declines After Higher Jobless Claims

U.S. Dollar Declines After Higher Jobless Claims

The U.S. dollar weakened against its major counterparts in the New York session on Thursday, following the release of higher-than-expected initial jobless claims for the week ended February 15.
RTTNews | 6小時29分鐘前
Swiss Market Ends Slightly Higher

Swiss Market Ends Slightly Higher

The Switzerland market closed slightly up on Thursday after a choppy session, as investors largely stayed cautious amid concerns about U.S. President Donald Trump's tariff threats, and geopolitical tensions.
RTTNews | 6小時29分鐘前
European Stocks Close Weak As Investors React To Earnings, Economic Data

European Stocks Close Weak As Investors React To Earnings, Economic Data

European stocks closed weak on Thursday with quarterly earnings updates influencing investors' moves. Worries about a trade war following U.S. President Donald Trump's persistent threats that his administration will levy 25% tariffs on several goods imported into America, and lingering geopolitical tensions rendered the mood cautious.
RTTNews | 6小時51分鐘前
U.S. Leading Economic Index Unexpectedly Decreases In January

U.S. Leading Economic Index Unexpectedly Decreases In January

Reversing most of the gains from the previous two months, the Conference Board released a report on Thursday showing an unexpected decrease by its reading on leading U.S. economic indicators in the month of January. The Conference Board said its leading economic index fell by 0.3 percent in January following a revised 0.1 percent uptick in December.
RTTNews | 8小時59分鐘前
Euro Area Consumer Confidence Improves More Than Expected To Highest In 4 Months

Euro Area Consumer Confidence Improves More Than Expected To Highest In 4 Months

Eurozone consumer confidence strengthened for a second straight month and at a faster than expected pace to its highest level in four months in February, suggesting that pessimism among households in the single currency bloc is easing despite the increasing threat of a tariff war with the U.S.
RTTNews | 9小時39分鐘前
Philly Fed Index Pulls Back Sharply But Still Indicates Growth In February

Philly Fed Index Pulls Back Sharply But Still Indicates Growth In February

Philadelphia-area manufacturing activity continued to expand in the month of February, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, although the index of activity in the sector pulled back sharply. The Philly Fed said its diffusion index for current general activity plunged to 18.1 in February after skyrocketing to 44.3 in January.
RTTNews | 9小時54分鐘前
U.S. Jobless Claims Rise More Than Expected To 219,000

U.S. Jobless Claims Rise More Than Expected To 219,000

A report released by the Labor Department showed a modest increase by first-time claims for U.S. unemployment benefits in the week ended February 15th. The Labor Department said initial jobless claims rose to 219,000, an increase of 5,000 from the previous week's revised level of 214,000. Economists had expected jobless claims to inch up to 215,000.
RTTNews | 9小時56分鐘前