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European Economic News Preview: Eurozone Unemployment Data Due
(RTTNews) - Unemployment data from the euro area, Spain and Italy are due on Wednesday, headlining a light day for the European economic news.
At 3.00 am ET, Spain's monthly unemployment data for April is due. The number of people out of work had decreased 48,755 in March.
At 4.00 am ET, Italy's Istat is scheduled to issue unemployment data for March. The jobless rate is seen unchanged at 8.0 percent.
At 5.00 am ET, Eurozone unemployment report is due from Eurostat. Economists forecast the jobless rate to stay at 6.6 percent in March.
At 8.30 am ET, the Czech National Bank announces its monetary policy decision. The bank is expected to hold its key rate at 7.00 percent.
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India Inflation Weakest In 7 Months
India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.
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4h 24min ago
ECB Chief Says Uncertainty Exceptionally High
European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.
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4h 59min ago
Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the European session on Wednesday, as European shares traded higher after Ukraine signaled its readiness to accept a U.S. proposal for an "immediate, interim 30-day ceasefire" with Russia, and the European Union announced retaliatory tariffs on U.S. imports of steel and aluminum.
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5h 18min ago
PUMA Stock Plunges On Weak Outlook, Dividend Cut, Despite Upbeat Q4
Shares of Puma SE were sinking more than 24 percent in the morning trading in Germany after the sportswear maker on Wednesday warned on weak earnings in its first quarter and fiscal 2025 and trimmed dividend, despite reporting significantly higher profit in its fourth quarter with strong sales.
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5h 26min ago
Sensex, Nifty End Marginally Lower; IT Stocks Hit Hard
Indian shares fluctuated before ending on a flat note Wednesday.
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6h 7min ago
FTSE 100 Moderately Higher As Stocks Recover From Recent Losses
U.K. stocks are up after six successive days of declines, with shares from the mining sector contributing significantly to the gains Wednesday morning.
Optimism over a ceasefire in Ukraine is aiding sentiment.
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6h 15min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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6h 23min ago
CAC 40 Climbs Higher On Ukraine Ceasefire Optimism
French stocks are up firmly Wednesday morning, recovering from recent losses, as optimism about a ceasefire in Ukraine is contributing to the positive mood in the market.
Kyiv has reportedly agreed to a US-proposal for an "immediate, interim 30-day ceasefire" if Russia agrees to the terms.
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6h 37min ago
