European Economic News Preview: ECB Minutes Due

RTTNews | 687 days ago
European Economic News Preview: ECB Minutes Due

(RTTNews) - The minutes of the governing council meeting of the European Central Bank is the top economic news due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for March. Producer price inflation is forecast to ease to 9.8 percent from 15.8 percent in February.

At 2.45 am ET, France's statistical office Insee publishes business confidence survey results. The business sentiment index is seen at 103 in April versus 104 in March.

At 5.00 am ET, foreign trade figures are due from the euro area. The trade deficit totaled EUR 30.6 billion in January.

At 7.30 am ET, the European Central Bank is slated to issue the account of the monetary policy meeting of the governing council held on March 15 and 16. At the meeting, policymakers had hiked the interest rates by 50 basis points as inflation is expected to remain high for too long.

read more
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Giving up the gains in the previous two sessions, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 37,100 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 5h 28min ago
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the psychological 8,000 mark, with weakness across most sectors led by financial and technology stocks.
RTTNews | 5h 51min ago
Dollar Stays Weak Against Most Major Counterparts

Dollar Stays Weak Against Most Major Counterparts

The U.S. dollar stayed weak against most of its major counterparts on Thursday, although the decline was not any significantly pronounced. Traders continued to track the developments on the tariff front, and digested the latest batch of economic data, and the European Central Bank's decision to lower interest rates once again.
RTTNews | 8h 26min ago
Oil Futures Settle Slightly Higher

Oil Futures Settle Slightly Higher

Oil futures settled slightly higher on Thursday after some wild swings amid uncertainty about the outlook for oil demand, and on possible excess supply in the market.
RTTNews | 10h 2min ago
U.S. Dollar Weakens As Tariff Concerns Ease

U.S. Dollar Weakens As Tariff Concerns Ease

The U.S. dollar declined against its major counterparts in the New York session on Thursday, as worries about tariffs eased following the Trump administration's decision to delay car tariffs for Canada and Mexico by a month.
RTTNews | 10h 53min ago
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

The Switzerland market ended weak on Thursday, after languishing in negative territory right through the day's session as worries about global growth due to stringent tariffs by the U.S. on imports from Canada and Mexico rendered the mood a bit bearish.
RTTNews | 11h 41min ago