European Economic News Preview: Eurozone Unemployment Data Due
(RTTNews) - Unemployment from the euro area and Spain are the top economic news due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, producer price figures are due from Romania.
At 3.00 am ET, Spain's labor ministry publishes monthly unemployment data. The number of people registered as unemployed is forecast to rise by 12,100 in September after increasing 21,900 in August.
At 4.00 am ET, Italy's statistical office ISTAT publishes unemployment figures for August. The jobless rate is forecast to remain unchanged at 6.5 percent.
At 5.00 am ET, Eurostat publishes euro area unemployment data. The jobless rate is seen at 6.4 percent in August, unchanged from July.
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Asian Shares Mixed After China Data
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4h 7min ago
Australian Dollar Rises After China GDP Data
The Australian dollar strengthened against other major currencies in the Asian session on Friday, after China's economy grew at the slowest pace in more than a year in the third quarter.
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4h 50min ago
Google Names Nick Fox New Search Head, Prabhakar Raghavan Chief Technologist In AI Reshuffle
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5h 9min ago
UK Retail Sales Rise Unexpectedly
UK retail sales logged an unexpected growth in September on higher sales of technology products, the Office for National Statistics said Friday. Retail sales grew 0.3 percent on month in September, confounding expectations for a 0.3 percent fall. This marked the third consecutive increase. Sales had increased 1.0 percent in August and 0.8 percent in July.
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5h 12min ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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6h 26min ago
European Economic News Preview: UK Retail Sales Data Due
Retail sales data from the UK is the major economic report due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to fall 0.3 percent on a monthly basis, reversing an increase of 1.0 percent in August.
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6h 42min ago
China Economy Logs Weakest Growth Since Early 2023
China's economy grew at the slowest pace in more than a year in the third quarter despite an improvement in retail sales as the property market continued to be a major drag on growth. Gross domestic product expanded 4.6 percent on a yearly basis in the third quarter, data from the National Bureau of Statistics showed on Friday. This was the weakest growth since the first quarter of 2023.
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6h 49min ago
European Shares Seen Tad Lower After Mixed China Data
European stocks look set to open a tad lower on Friday as mixed Chinese data released earlier today coupled with the lack of concrete stimulus details stirred concerns about the country's economic trajectory.
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7h 3min ago
