European Economic News Preview: UK Unemployment Data Due
(RTTNews) - Unemployment data from the UK is the only major economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics releases UK unemployment data for April. The jobless rate is seen at 4.3 percent, the same as in the preceding period.
At 3.00 am ET, the Czech Statistical Office is scheduled to release consumer price figures for May. Inflation is forecast to ease slightly to 2.8 percent from 2.9 percent in April.
Also, retail sales data for April is due from Turkey. Sales had remained flat on month in March.
At 6.00 am ET, foreign trade data is due from Latvia.
read more
Bay Street May Open Higher; Fed Policy Announcement In Focus
Canadian shares may open higher Thursday morning, tracking largely positive European stocks, but weak commodity prices could weigh on energy and materials sectors and limit market's upside. The focus will be on the Federal Reserve's policy announcement later in the day.
RTTNews
|
5h 14min ago
Bank Of England Cuts Rate For Second Time This Year
The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation.
RTTNews
|
5h 30min ago
Eurozone Retail Sales Growth Softens In September
Eurozone retail sales growth softened in September largely reflecting a fall in food sales and a sharp slowdown in auto fuel turnover, data published by Eurostat showed on Thursday. Retail sales logged an increase of 0.5 percent on a monthly basis in September, slower than the 1.1 percent rise in August. The growth rate slightly exceeded economists' forecast of 0.4 percent.
RTTNews
|
7h 26min ago
Sensex, Nifty Tumble Ahead Of Fed Verdict
Indian shares fell sharply on Thursday as investors assessed the likely impact of Trump's second victory on global growth and the future trajectory of interest rates.
RTTNews
|
7h 27min ago
Sweden Cuts Key Rate Aggressively To Support Economy
Sweden's central bank lowered its benchmark rate aggressively in order to support economic activity, and hinted at more rate cuts soon. The Executive Board of Riksbank decided to slash the policy rate by 50 basis points to 2.75 percent. Markets had anticipated a quarter-point reduction. To further support economic activity, the policy rate needs to be reduced somewhat more than estimated.
RTTNews
|
8h 0min ago
European Shares Inch Higher With German Politics In Focus
European stocks traded higher on Thursday ahead of interest-rate decisions from the Bank of England and the U.S. Federal Reserve later in the day, with both the central banks expected to cut rates by 25 basis points.
RTTNews
|
8h 6min ago
FTSE 100 Modestly Higher As Metal Stocks Surge
U.K. stocks traded higher on Thursday as higher commodity prices lifted resource stocks.
RTTNews
|
8h 30min ago
Commodity Currencies Gain On Upbeat China Trade Data
The Commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday, after data showed that China's exports expanded the most in more than two years in October, while imports declined at a sharper-than-expected pace due to weaker domestic demand.
RTTNews
|
8h 33min ago
