European Economic News Preview: Germany Ifo Business Confidence Due

RTTNews | 825 days ago
European Economic News Preview: Germany Ifo Business Confidence Due

(RTTNews) - Business sentiment from Germany and producer prices from the UK are the top economic news due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics is scheduled to issue UK producer prices for December. Output price inflation is forecast to rise to 16.4 percent from 14.8 percent in November. Input price inflation is seen at 18.0 percent versus 19.2 percent in the previous month.

At 3.00 am ET, Spain producer price figures are due. In the meantime, Italy's Istat publishes non-EU foreign trade data.

At 4.00 am ET, Germany's ifo Institute publishes monthly business confidence survey results for January. The business sentiment index is seen at 90.2, up from 88.6 in December.

read more
U.S. Consumer Confidence Slumps More Than Expected In April

U.S. Consumer Confidence Slumps More Than Expected In April

Largely reflecting a significant deterioration by consumer expectations, the Conference Board released a report on Tuesday showing its U.S. consumer confidence index slumped by more than expected in the month of April. The Conference Board said its consumer confidence index plunged to 86.0 in April from an upwardly revised 93.9 in March.
RTTNews | 55 minutes ago
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Higher Canadian futures point to a slightly positive start on Bay Street Tuesday morning. The victory of Mark Carney in the Canadian general election and easing concerns about U.S. tariffs may also support the market. However, weak crude oil and gold prices may weigh on sentiment and limit market's upside.
RTTNews | 2h 42min ago
Eurozone Economic Sentiment At 4-Month Low

Eurozone Economic Sentiment At 4-Month Low

Euro area economic confidence weakened more than expected to a four-month low in April largely due to the trade tariff threats, survey data from the European Commission showed on Tuesday. The economic sentiment index declined to 93.6 in April from 95.0 in the previous month. The score was forecast to fall to 94.5.
RTTNews | 3h 23min ago
FTSE 100 Modestly Higher, Extends Gains To 12th Straight Session

FTSE 100 Modestly Higher, Extends Gains To 12th Straight Session

The UK market is up in positive territory in early afternoon trades on Tuesday, extending gains to a 12th straight session. Easing concerns about U.S. tariffs contribute to the positive sentiment in the market. Investors are also digesting a slew of quarterly earnings announcements.
RTTNews | 3h 23min ago
CAC 40 Pares Early Gains; Schneider Electric Tumbles Over 7%

CAC 40 Pares Early Gains; Schneider Electric Tumbles Over 7%

French stocks are mostly subdued on Tuesday with investors making cautious moves while awaiting some key corporate earnings updates this week. The market climbed higher earlier in the session as reports emerged that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars.
RTTNews | 3h 53min ago
DAX Rises Again As Strong Results, Easing Tariff Concerns Lift Sentiment

DAX Rises Again As Strong Results, Easing Tariff Concerns Lift Sentiment

German stocks are up firmly in positive territory on Tuesday with investors reacting to a slew of corporate earnings announcements. Easing concerns about U.S. tariffs, and data showing an improvement in German consumer sentiment contribute as well to the positive sentiment in the market.
RTTNews | 4h 47min ago