European Economic News Preview: Eurozone Flash PMI Data Due

RTTNews | 4h 58min ago
European Economic News Preview: Eurozone Flash PMI Data Due

(RTTNews) - Flash composite Purchasing Managers' survey from the euro area and the UK are the top economic news due on Wednesday.

At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for March. The budget deficit is seen at GBP 15.4 billion compared to GBP 10.7 billion in February.

At 3.15 am ET, S&P Global publishes France's flash composite PMI survey data. Economists forecast the composite index to fall to 47.8 in April from 48.0 in March.

At 3.30 am ET, flash PMI survey results are due from Germany. The composite index is seen at 50.4 in April, down from 51.3 in March.

At 4.00 am ET, S&P Global publishes euro area flash PMI survey data. The composite output index is expected to drop to 50.3 in April from 50.9 in March.

At 4.30 am ET, UK S&P Global flash PMI data is due. Economists forecast the index to decline to 50.4 in April from 51.5 a month ago.

At 5.00 am ET, Eurostat publishes foreign trade and construction output figures for February.

read more
European Shares Rally As Trump Comments Help Ease Fed, Trade Worries

European Shares Rally As Trump Comments Help Ease Fed, Trade Worries

European stocks rose sharply on Wednesday after U.S. President Donald Trump toned down his rhetoric on Jerome Powell, saying he would like to see him be a little more active in terms of his idea to lower interest rates but have no intention to fire him.
RTTNews | 1h 20min ago
European Shares Set To Rise As Trade Tensions Ease

European Shares Set To Rise As Trade Tensions Ease

European stocks may open on a buoyant note Wednesday as optimism grew over a potential easing of trade tensions between the U.S. and China and U.S. President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell, helping calm investor concerns over the Fed's independence.
RTTNews | 4h 59min ago
Commodity Currencies Rise Amid Hopes For US-China Trade Deal

Commodity Currencies Rise Amid Hopes For US-China Trade Deal

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Wednesday, after U.S. President Donald Trump said tariffs on China would be trimmed down from the current 145 percent rate. Reports also indicate that Treasury Secretary Scott Bessent told a closed-door investor summit he expects the trade dispute between the U.S. and China to de-escalate.
RTTNews | 6h 15min ago
Sensex, Nifty Edge Higher; IT Stocks Take Lead

Sensex, Nifty Edge Higher; IT Stocks Take Lead

Indian shares were notably higher in early trade on Wednesday amid hopes of easing trade tensions between the world's two largest economies and as U.S. President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell.
RTTNews | 6h 25min ago