European Economics Preview: UK Public Sector Finance Data Due
(RTTNews) - Public sector finance data from the UK is due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics is slated to issue UK public sector finance data for August. The budget deficit is seen at GBP 8.2 billion versus GBP 4.18 billion in July.
In the meantime, Sweden unemployment data is due for August.
At 4.00 am ET, retail sales figures are due from Poland. Economists forecast sales to climb 20.0 percent annually in August versus July's 18.4 percent increase.
At 6.00 am ET, the Confederation of British Industry releases UK Industrial Trends survey results. The order book balance is seen at -11 percent in September versus -7 percent in August.
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German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.
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6h 9min ago
U.S. Dollar Slides Against Majors
The U.S. dollar weakened against other major currencies in the European session on Wednesday.
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6h 14min ago
FTSE 100 Advances Over 0.7% On Surprise Drop In Inflation Rate
U.K. stocks are up firmly in positive territory Wednesday morning, outperforming other major markets in Europe, after data showed an unexpected drop in British consumer price inflation in the month of December.
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6h 46min ago
Pound Rebounds After U.K. CPI Data
The British pound rebounded from recent weakness against other major currencies in the European session on Wednesday, after reacting wildly to data showing that U.K. consumer price inflation moderated unexpectedly in December.
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6h 58min ago
CAC 40 Modestly Higher After Inflation Data
French stocks are modestly higher Wednesday morning with investors digesting the nation's consumer price inflation data, and looking ahead to U.S. inflation report for clues about Fed interest rates.
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7h 6min ago
DAX Rises Nearly 0.5% As Bond Yields Drop Slightly
German stocks are climbing higher on Wednesday thanks to easing bond yields, and data showing an unexpected drop in British inflation. Investors, focusing on quarterly earnings, are also looking ahead to U.S. consumer price inflation data for more clues about Fed interest rates.
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7h 24min ago
Sensex, Nifty End Modestly Higher; Financials Underperform
Indian shares ended Wednesday's session higher, the dollar rally paused, and bond yields dropped after data showed U.S. producer prices rose by slightly less than expected in December, offering temporary relief to investors worried about inflation and interest rates.
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7h 31min ago
FDA Proposes Front-of-package Nutrition Label For Packaged Foods
The U.S. Food and Drug Administration is proposing to require a front-of-package or FOP nutrition label for most packaged foods as part of a government-wide effort in combatting the chronic disease crisis in the United States. If finalized, the proposal would give consumers readily visible information about a food's saturated fat, sodium and added sugars content.
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7h 37min ago
