European Economic News Preview: UK Retail Sales Data Due

RTTNews | 9h 23min ago
European Economic News Preview: UK Retail Sales Data Due

(RTTNews) - Retail sales data from the UK is the major economic report due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to fall 0.3 percent on a monthly basis, reversing an increase of 1.0 percent in August.

At 4.00 am ET, the European Central Bank publishes current account data for August. The surplus is expected to increase to EUR 42.2 billion from EUR 39.6 billion in July.

At 5.00 am ET, Eurostat is slated to issue euro area construction output figures for August.

read more
Sensex, Nifty Snap Three Day Losing Streak

Sensex, Nifty Snap Three Day Losing Streak

Indian shares recovered from an early slide to end modestly higher on Friday. Rate-sensitive banks, automakers and metal stocks advanced, offsetting weakness in the IT and FMCG sectors.
RTTNews | 5h 3min ago
European Shares Mixed As Investors Look To UK Budget

European Shares Mixed As Investors Look To UK Budget

European shares were mixed on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.
RTTNews | 5h 57min ago
Pound Surges As U.K. Retail Sales Rise Unexpectedly

Pound Surges As U.K. Retail Sales Rise Unexpectedly

The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales logged an unexpected growth in September on higher sales of technology products.
RTTNews | 6h 5min ago
FTSE 100 Slips Into Red On Budget Fears

FTSE 100 Slips Into Red On Budget Fears

U.K. stocks were moving lower on Friday and the pound euro (GBP/EUR) exchange rate held near a two-and-a-half year high after data showed U.K. retail sales logged an unexpected growth in September on higher sales of technology products.
RTTNews | 6h 10min ago
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Friday.
RTTNews | 6h 18min ago
DAX Edges Higher In Cautious Trade

DAX Edges Higher In Cautious Trade

German stocks traded slightly higher on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.
RTTNews | 6h 34min ago