European Economic News Preview: ECB Minutes Due

RTTNews | 7 days ago
European Economic News Preview: ECB Minutes Due

(RTTNews) - The account of monetary policy meeting of the European Central Bank is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales data for May. Sales had declined 1.2 percent on month in April.

At 4.00 am ET, Italy's statistical office ISTAT publishes industrial production for August. Economists expect industrial output to grow 0.2 percent on month, in contrast to the 0.9 percent decline in July. At 4.30 am ET, the Bank of England is slated to release Credit Conditions survey results.

At 7.30 am ET, the European Central Bank publishes the account of the monetary policy meeting of the governing council held on September 11 and 12. At the meeting, the bank had lowered its key interest rates by 25 basis points.

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European Economic News Preview: ECB Set To Cut Key Rates

European Economic News Preview: ECB Set To Cut Key Rates

The European Central Bank is widely expected to lower its key interest rates on Thursday as concerns about the growth outlook heightened amid inflation falling below the 2 percent target. The bank is forecast to cut the key rates by 25 basis points today after a similar reduction last month. The announcement is due at 8.15 AM ET. Later today, the bank will release the Survey of Professional Fore
RTTNews | 4h 30min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as markets continued to benefit from optimism about the outlook for interest rates following the release of the latest US inflation data. Asian Markets closed mostly lower on Wednesday.
RTTNews | 6h 1min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

Adding to the losses in the previous session, the Japanese stock market is notably lower on Thursday after opening in the green, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 39,000 mark, with weakness in exporters and technology stocks partially offset by gains in automakers and financial stocks.
RTTNews | 6h 54min ago
Sensex, Nifty Seen Slightly Higher With Earnings In Focus

Sensex, Nifty Seen Slightly Higher With Earnings In Focus

Indian shares may trade in a range on Thursday as investors await earnings results from prominent companies including Axis Bank, Infosys, Wipro, Nestle India, LTIMindtree and Tata Chemicals for direction.
RTTNews | 6h 58min ago
Thai Bourse May Test Resistance At 1,500 Points

Thai Bourse May Test Resistance At 1,500 Points

The Thai stock market bounced higher again on Wednesday, one day after ending the four-day winning streak in which it had improved almost 20 points or 1.4 percent. The Stock Exchange of Thailand now rests just above the 1,485-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 7h 28min ago
Win Streak Nay Continue For Indonesia Stock Market

Win Streak Nay Continue For Indonesia Stock Market

The Indonesia stock market has tracked higher in four straight sessions, climbing more than 160 points or 2.2 percent along the way. The Jakarta Composite Index now rests just beneath the 7,650-point plateau and it may add to its winnings again on Thursday.
RTTNews | 7h 58min ago
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian market is trading significantly higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level to fresh all-time highs, with gains in energy and financial stocks as well as some mining and technology stocks.
RTTNews | 8h 8min ago