European Economic News Preview: German Unemployment Data Due

RTTNews | 3 days ago
Stocktwits
European Economic News Preview: German Unemployment Data Due

(RTTNews) - Unemployment from Germany and business confidence from the euro area are the top economic news due on Friday, headlining a hectic day for the European economic news.

At 3.00 am ET, the Office for National Statistics releases UK revised GDP, retail sales and foreign trade figures. The initial estimate showed that the economy grew 0.1 percent in the fourth quarter. Retail sales are forecast to fall 0.3 percent on month in February, in contrast to the 1.7 percent increase in January.

In the meantime, German GfK consumer confidence survey results are due. The forward looking index is forecast to improve to -22.6 in April from -24.7 in March. At 3.45 am ET, France's statistical office INSEE is scheduled to issue flash consumer confidence, producer prices and consumer spending data.

At 4.00 am ET, Spain's INE publishes flash inflation figures for March. Consumer price inflation is seen at 2.6 percent compared to 3.0 percent in February.

At 5.00 am ET, Italy's business and consumer sentiment survey data is due. At 6.00 am ET, the European Commission is slated to issue euro area economic sentiment survey data. Economists forecast the economic confidence index to rise to 97.0 in March from 96.3 in February.

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Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as the markets are priming up for the new US tariffs later in the week, primarily the 25 percent tariffs on auto and auto parts imports. The Japanese market is pulling down the markets with a 3.7 percent drop on concerns the tariffs could hit domestic production and auto sector jobs.
RTTNews | 4h 48min ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, reversing the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 7,900.00 level, with weakness across all sectors led by mining and technology stocks.
RTTNews | 5h 49min ago
Thai Stock Market Expected To Open In The Red

Thai Stock Market Expected To Open In The Red

The Thai stock market has finished lower in two straight sessions, sinking almost 15 points or 1.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,175-point plateau and it figures to open to the downside again on Monday.
RTTNews | 6h 53min ago
Japanese Market Sharply Lower; Down 3.7%

Japanese Market Sharply Lower; Down 3.7%

The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling 3.7 percent to below the 35,800 level, with weakness across all sectors led by index heavyweights and technology stocks.
RTTNews | 6h 57min ago
Hong Kong Shares Tipped To Open To The Downside

Hong Kong Shares Tipped To Open To The Downside

The Hong Kong stock market on Friday ended the two-day winning streak in which it had improved more than 230 points or 1 percent. The Hang Seng Index now rests just above the 23,425-point plateau and it's looking at another soft start again on Monday.
RTTNews | 7h 23min ago
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Monday, reversing the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 7,900.00 level, with weakness across all sectors led by mining and technology stocks.
RTTNews | 7h 32min ago
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