European Economic News Preview: Eurozone Retail Sales Data Due
(RTTNews) - Retail sales and investor confidence reports from the euro area are due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Norway is scheduled to issue consumer and producer prices for March. Inflation is forecast to ease to 6.1 percent from 6.3 percent in February.
At 4.30 am ET, Eurozone Sentix investor confidence survey data is due. The sentiment index is forecast to rise to -9.9 in April from -11.1 in March.
At 5.00 am ET, Eurostat is set to publish euro area retail sales for February. Economists forecast retail sales to fall 0.8 percent on month, in contrast to rise 0.3 percent in January.
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Australian Market Significantly Lower
Australian shares are trading significantly lower on Wednesday, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling to near the 8,100 level, following the broadly negative cues from Wall Street overnight, with a mixed a trend across most sectors. Financial stocks were particularly weak.
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5h 22min ago
Dollar Stays Weak Against Major Counterparts
The dollar drifted down on Tuesday, extending losses from previous session, amid concerns about the economic impact of trade war following the imposition of tariffs by U.S. on Canada, Mexico and China, and the retaliatory measures by China and Canada.
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7h 5min ago
TSX Ends 1.7% Down As Stocks Tumble On Tariff Concerns
The Canadian market ended sharply lower on Tuesday, hurt by heavy selling in several sectors amid concerns about growth as new tariffs by U.S. against Canada, China and Mexico took effect, and Canada and China announced retaliatory measures.
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7h 27min ago
Canadian Market Set To End On Weak Note
Despite recovering a substantial portion of lost ground, the Canadian market remains deep down in negative territory on Tuesday, and with less than an hour to go for the closing bell, looks set to end the session on a weak note.
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10h 16min ago
Swiss Market Ends Notably Lower On Trade War Concerns
The Switzerland market ended notably lower on Tuesday after languishing in negative territory right through day's trading session amid concerns about global economic growth as fresh U.S. tariffs on Canada, Mexico and China took effect today, and China and Canada announced retaliatory measures.
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11h 37min ago
Pound Moves Lower On Trade War Fears
The pound fell against its most major counterparts in the New York session on Tuesday amid concerns that tariffs by U.S. President Donald Trump could trigger a slowdown in global growth.
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11h 52min ago
European Stocks Close Notably Lower On Growth Concerns
European stocks closed with sharp losses on Tuesday amid concerns about global economic growth as fresh U.S. tariffs on Canada, Mexico and China took effect today, and China and Canada announced retaliatory measures.
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12h 6min ago
Bay Street Seen Opening With Negative Bias
Canadian shares may open with a negative bias Tuesday morning as trade war heats up with Canada retaliating with tariffs on over $1 billion worth of US imports within hours of U.S. President Donald Trump's announcement that tariffs on goods and Canada and Mexico will become effective today.
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16h 29min ago
