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European Economic News Preview: Italy Final CPI Data Due
(RTTNews) - Final consumer and harmonized price data from Italy is the only major economic report due on Monday.
At 2.00 am ET, Statistics Norway is scheduled to issue foreign trade data for March.
At 4.00 am ET, Italy's Istat publishes final consumer and harmonized prices for March. The flash estimate showed that consumer price inflation slowed to 7.7 percent from 9.1 percent in February. The statistical office is set to confirm the flash estimate. At 8.00 am ET, core inflation figures are due from Poland. Core inflation is seen at 12.2 percent in March versus 12.0 percent in February.
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Bay Street Likely To Open Lower
Lower Canadian and U.S. futures and weak metal prices point to a negative start on Bay Street Thursday morning.
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5h 25min ago
U.S. Trade Deficit Widens More Than Expected In January
Reflecting a spike by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by more than expected in the month of January.
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5h 31min ago
U.S. Weekly Jobless Claims Dip More Than Expected
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 3rd.
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5h 35min ago
Eurozone Retail Sales Fall Unexpectedly
Eurozone retail sales declined unexpectedly in January on non-food and auto fuel sales, official data showed on Thursday. Retail sales registered a monthly drop of 0.3 percent, confounding expectations for an increase of 0.1 percent. The statistical office revised up retail sales for December to nil growth from the initial estimate of 0.2 percent fall.
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6h 2min ago
Turkey Central Bank Slashes Rate By 250 Bps
Turkey's central bank lowered its benchmark rate for the third straight time on Thursday as the underlying trend of inflation softened. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to reduce the policy rate to 42.5 percent from 45.0 percent, as widely expected. The bank had reduced the rate by 250 basis points each in December and January.
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6h 42min ago
Air France-KLM Stock Climbs On Narrower Q4 Loss, Positive Outlook
Shares of Air France-KLM Group were gaining more than 20 percent in the morning trade in Paris after the airline reported Thursday narrower net loss and significantly higher EBITDA, a key earnings metric, in its fourth quarter amid good growth in passenger traffic, capacity and load factor. Further, the company projects capacity growth in fiscal 2025, and maintained medium term outlook.
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7h 28min ago
FTSE 100 Down More Than 1%
U.K. stocks are down firmly in negative territory Thursday morning with investors taking some profits, while reacting to corporate earnings updates and awaiting the European Central Bank's interest rate decision later in the day.
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7h 45min ago
CAC Modestly Lower On Profit Taking
After a positive start, the French stock market retreated Thursday morning, and is modestly lower now with investors taking some profits at a few frontline counters.
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8h 22min ago
