European Economic News Preview: ECB Bulletin Due
(RTTNews) - The economic bulletin from the European Central Bank is the only major data due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Norway releases GDP data for November. The Mainland-Norway is forecast to grow 0.2 percent on month, after staying flat in October.
In the meantime, retail sales data for November is due from Turkey.
At 3.00 am ET, the Czech Statistical Office is slated to issue retail sales for November. Sales had decreased 1.8 percent on month in October.
At 4.00 am ET, the European Central Bank publishes economic bulletin.
At 5.00 am ET, Greece consumer price inflation data is due.
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Gold Futures Settle Lower Ahead Of Jobs Data
Gold futures settled lower on Thursday, losing ground after fairly strong gains in recent sessions, as the dollar rebounded from recent losses. Still, gold's downside was just modest as worries about potential trade war prompted investors to pick up the safe-haven commodity.
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5h 55min ago
U.S. Dollar Trades Higher Against Most Majors
The U.S. dollar traded higher against its most major counterparts on Thursday ahead of the release of nonfarm payrolls report on Friday.
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6h 0min ago
Swiss Market Settles Modestly Higher
Despite staying positive right through the day's session, Swiss stocks remained a bit sluggish on Thursday as investors largely refrained from making significant moves.
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6h 45min ago
European Stocks Close On Bright Note As Investors Focus On Earnings, Economic Data
European stocks closed higher on Thursday with several markets in the region climbing to record highs, as investors indulged in some hectic buying at several counters, reacting to quarterly earnings updates, and the Bank of England's decision to lower interest rate.
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7h 6min ago
U.S. Weekly Jobless Claims Rise More Than Expected To 219,000
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended February 1st. The report said initial jobless claims climbed to 219,000, an increase of 11,000 from the previous week's revised level of 208,000.
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9h 15min ago
U.S. Labor Productivity Growth Slows More Than Expected In Q4
A report released by the Labor Department on Thursday showed U.S. labor productivity and unit labor costs both increased by less than expected in the fourth quarter of 2024. The Labor Department said labor productivity climbed by 1.2 percent in the fourth quarter after surging by an upwardly revised 2.3 percent in the third quarter.
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10h 5min ago
US Employers Cut 28% More Jobs In January: Challenger Report
Employers in the U.S. slashed more jobs in January compared to December, but the figure was the lowest recorded for the month in three years, the latest monthly report from the global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc showed on Thursday.
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10h 39min ago
Bank Of England Cuts Rate By 25 Bps, Sees Modest Growth In Q1
The Bank of England lowered its key interest rate by a quarter-point as widely expected on Thursday but two policymakers sought a bigger reduction citing the sluggish U.K. economy and the heightening uncertainty over trade tariffs. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to reduce the benchmark bank rate to 4.50 percent from 4.75 percent.
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10h 43min ago
