European Economic News Preview: BoE To Cut Interest Rate

RTTNews | 75 days ago
Stocktwits
European Economic News Preview: BoE To Cut Interest Rate

(RTTNews) - The Bank of England is set to lower its benchmark rate by a quarter-point on Thursday but uncertainty over the future policy easing escalated after Donald Trump won the US presidential election.

At the end of two-day policy meeting, the Monetary Policy Committee of the BoE is expected to lower the bank rate to 4.75 percent from 5.00 percent.

Retail sales from the euro area and industrial production and foreign trade from Germany are the other major economic reports due on Thursday.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial output and external trade figures. Production is expected to fall 1.1 percent on month in September after a 2.9 percent gain in August. Germany's exports are forecast to fall 1.4 percent and imports to drop 0.4 percent in September.

In the meantime, UK Halifax house price data is due. House prices are forecast to grow 0.2 percent on month in October after a 0.3 percent rise seen in September. At 3.00 am ET, industrial output data is due from Spain. Industrial production is expected to grow 0.2 percent on year in September, reversing a 0.1 percent fall in August.

At 3.30 am ET, S&P Global publishes Germany's construction PMI data.

At 5.00 am ET, Eurostat releases euro area retail sales figures for September. Economists expect sales to grow 0.4 percent on month after a 0.2 percent rise in August.

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European Economic News Preview: UK Labor Market Data Due

European Economic News Preview: UK Labor Market Data Due

Labor market data from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to remain unchanged at 4.3 percent in the three months to November.
RTTNews | 6h 50min ago
European Shares Set For Cautious Open With Focus On Trump's Policies

European Shares Set For Cautious Open With Focus On Trump's Policies

European stocks are seen opening slightly lower on Tuesday as investors react to Trump's inaugural speech and a flurry of executive orders signed by him in the first few hours of his presidency, overturning multiple landmark decisions taken by the Biden administration.
RTTNews | 6h 52min ago
Sensex, Nifty Give Up Early Gains

Sensex, Nifty Give Up Early Gains

Indian shares were slightly lower on Tuesday, giving up early gains as investors awaited clarity on Donald Trump's trade policies and tariffs.
RTTNews | 8h 5min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets and lack of cues from Wall Street overnight, as markets reacted positively to US President Donald Trump's decision not to impose China-specific tariffs on his first day in office. However, there were hints from Trump about potential 25 percent tariffs on Canada and Mexico as early as February 1.
RTTNews | 9h 3min ago
Australian Market Halves Early Gains In Mid-market

Australian Market Halves Early Gains In Mid-market

The Australian stock market halved its early gains in mid-market trading on Tuesday, but still extending the gains in the previous session, following the positive cues from European markets. The benchmark S&P/ASX 200 index is moving to near the 8,400.00 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.
RTTNews | 9h 38min ago
Sensex, Nifty Seen Opening Higher In Cautious Trade

Sensex, Nifty Seen Opening Higher In Cautious Trade

Indian shares are seen opening higher on Tuesday as U.S. President Donald Trump did not immediately impose China-specific tariffs as previously promised during his first day in office.
RTTNews | 9h 47min ago
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