European Economic News Preview: Germany Inflation Data Due
(RTTNews) - Consumer prices data from Germany is the top economic news due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis releases Germany's provisional consumer prices data for January. Economists expect consumer price inflation to rise to 8.9 percent in January from 8.6 percent in December.
In the meantime, foreign trade figures are due from Romania.
At 3.30 am ET, Sweden's central bank announces its interest rate decision. The bank is widely expected to raise its key rate by 50 basis points to 3.00 percent.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the Asian session on Thursday.
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5h 36min ago
European Shares Seen Higher On Russia-Ukraine Peace Hopes
European stocks are likely to open higher on Thursday after U.S. President Donald Trump and Russian President Vladimir Putin have agreed to start talks to end the Ukraine War in a significant step towards resolving the conflict.
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6h 12min ago
European Economic News Preview: UK GDP Data Due
Quarterly national accounts and foreign trade from the UK and final inflation from Germany are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and trade deficit. The economy is forecast to shrink 0.1 percent sequentially in the fourth quarter after remaining flat in the third quarter.
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6h 46min ago
Sensex, Nifty Open Higher On RBI Rate Cut Bets
Indian shares opened on a firm note Thursday as signs of a slowing economy towards the end of 2024 and falling retail inflation reinforced the views that the Reserve Bank of India (RBI) will continue to loosen its monetary policy in coming months.
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7h 3min ago
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as data showing a bigger than expected increase in U.S. consumer price inflation raised speculation the US Fed will leave interest rates on hold for a prolonged period. Traders also remain cautious amid raising fears of a brewing global trade war and its impact on inflation.
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8h 9min ago
Australian Market Trims Early Gains In Mid-market
The Australian market is trimming early gains in mid-market moves on Thursday, but extends the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.
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8h 59min ago
Sensex, Nifty Set To Follow Asian Peers Higher Amid Ukraine Peace Talks
Indian shares may open a tad higher on Thursday as a bond sell-off paused and U.S. President Donald Trump said the U.S. and Russia will immediately begin negotiations toward ending the Ukraine conflict.
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9h 8min ago
Thai Shares Expected To Return To The Downside
Ahead of Wednesday's holiday for Makha Bucha Day, the Thai stock market had moved higher in two of three trading days since the end of the seven-day losing streak in which it had plummeted more than 85 points or 6.3 percent. The Stock Exchange of Thailand now sits just above the 1,280-point plateau and it figures to open under pressure on Thursday.
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9h 46min ago
