European Economic News Preview: Germany Industrial Output, Foreign Trade Due

RTTNews | 8h 1min ago
Stocktwits
European Economic News Preview: Germany Industrial Output, Foreign Trade Due

(RTTNews) - Industrial production and foreign trade from Germany and house prices from the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis releases Germany's industrial output and external trade figures. Economists forecast industrial output to fall 0.7 percent on month in December, in contrast to the 1.5 percent rise in November. Exports are forecast to drop 0.6 percent and imports to grow 1.8 percent month-on-month in December.

In the meantime, UK Halifax house price data is due. House prices are expected to grow 0.4 percent on a monthly basis in January, reversing a 0.2 percent fall in December.

At 2.45 am ET, France's customs office publishes foreign trade data. The trade deficit is seen narrowing to EUR 5.3 billion in December from EUR 7.1 billion in January.

At 3.00 am ET, Spain's statistical office INE releases industrial production for December. Economists expect output to expand 0.5 percent on a yearly basis in December, following a 0.4 percent drop in November.

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UK Halifax House Prices Rise More Than Forecast

UK Halifax House Prices Rise More Than Forecast

UK house prices grew more than expected in January to hit a record high as buyer demand increased ahead of the stamp duty increase in April, mortgage lender Halifax said Friday. House prices increased 0.7 percent in January from December, reversing a 0.2 percent drop in the previous month. The monthly growth was also faster than economists' forecast of 0.4 percent.
RTTNews | 6h 8min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.
RTTNews | 7h 59min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian markets are mostly higher on Friday, following the mixed from Wall Street overnight, as traders seemed cautious and reluctant to make significant moves ahead of the release of the closely watched monthly US jobs report later in the day for cues on the outlook for interest rates. They also await US President Donald Trump's next move on trade curbs ahead of China's tariff deadline next week.
RTTNews | 10h 34min ago
Australian Market Treads Back In To The Red In Mid-market

Australian Market Treads Back In To The Red In Mid-market

The Australian stock market is slightly lower in choppy trading in mid-market moves on Friday after opening in the red and briefly moving in to the green, snapping the three-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,500 level, with a mixed performance across most sectors. Energy stocks are the only weak spot.
RTTNews | 11h 3min ago
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