European Economic News Preview: France Industrial Output Data Due

RTTNews | 14 days ago
Stocktwits
European Economic News Preview: France Industrial Output Data Due

(RTTNews) - Industrial production from France and construction Purchasing Managers' survey data from Germany and the UK are due on Friday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs releases Swiss unemployment data for September. The jobless rate is forecast to rise slightly to 2.6 percent from 2.5 percent in August.

At 2.45 am ET, France's statistical office INSEE is set to release industrial output figures for August. Output is seen rising 0.3 percent on month, in contrast to the 0.5 percent decrease in July.

At 3.00 am ET, Spain's INE publishes industrial production for August. Economists expect output to grow 0.1 percent on year, reversing a 0.4 percent drop in July.

At 3.30 am ET, Germany's construction Purchasing Managers' survey results are due. At 4.30 am ET, UK S&P Global construction PMI survey data is due. Economists forecast the index to drop to 53.1 in September from 53.6 in the previous month.

At 6.00 am ET, retail sales data is due from Italy.

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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the release of economic data from China, including GDP figures. A rate cut by the European Central Bank and expectations of interest rate cuts by the US Fed and the Bank of Canada are aiding market sentiment. Asian markets ended mixed on Thursday.
RTTNews | 5h 7min ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

Recouping some of the losses in the previous two sessions, the Japanese stock market is modestly higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,000 mark, with gains in some index heavyweights and financial stocks partially offset by weakness in technology stocks.
RTTNews | 5h 37min ago
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is significantly lower on Friday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling a tad below the 8,300 level, with weakness across most sectors led by mining, energy and technology stocks.
RTTNews | 6h 2min ago
Thai Bourse May Take Another Crack At 1,500-Point Level

Thai Bourse May Take Another Crack At 1,500-Point Level

The Thai stock market has moved higher in two straight sessions, collecting almost 30 points or 2.1 percent in that span. The Stock Exchange of Thailand now rests just above the 1,495-point plateau and it's expected to open to the upside again on Friday.
RTTNews | 6h 22min ago
Rally May Stall For Indonesia Stock Market

Rally May Stall For Indonesia Stock Market

The Indonesia stock market has tracked higher in five straight sessions, climbing more than 250 points or 3.4 percent along the way. The Jakarta Composite Index now rests just above the 7,735-point plateau although it may be stuck in neutral on Friday.
RTTNews | 6h 52min ago
Hong Kong Shares Poised To End Losing Streak

Hong Kong Shares Poised To End Losing Streak

The Hong Kong stock market has moved lower in four straight sessions, stumbling almost 1,100 points or 5.2 percent along the way. The Hang Seng Index now sits just shy of the 20,080-point plateau although it's due for support on Friday.
RTTNews | 7h 7min ago
China Shares May Tick Higher Again On Friday

China Shares May Tick Higher Again On Friday

The China stock market has alternated between positive and negative finishes through the last seven trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,170-point plateau and it nay bounce higher again on Friday.
RTTNews | 7h 22min ago
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