European Economic News Preview: Italy Retail Sales Data Due
(RTTNews) - Retail sales data from Italy is the major statistical report due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Sweden is scheduled to release industrial output, new orders and household consumption data for December.
At 4.00 am ET, Italy's Istat publishes retail sales data for December. Sales are forecast to fall 0.8 percent on a monthly basis, reversing a 0.8 percent rise in November.
At 6.00 am ET, unemployment data is due from Portugal.
At 10.00 am ET, Poland's central bank is set to announce its monetary policy decision. The bank is likely to maintain its key interest rate at 6.75 percent.
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Pound Firms Against Most Majors
The pound advanced against its most major counterparts in the New York session on Wednesday.
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5h 35min ago
Swiss Market Ends Marginally Up After Choppy Session
After a positive start Wednesday morning, the Switzerland market turned subdued and then fell into the red around mid afternoon, but recovered gradually to finally end the day's session marginally higher.
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5h 51min ago
European Stocks Close Higher Again
European stocks closed higher on Wednesday despite concerns about fresh tariffs by U.S., and data showing a bigger than expected increase in U.S. consumer price inflation raising prospects of the Federal Reserve holding interest rates higher for longer.
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6h 9min ago
Euro Rises Against Majors
The euro firmed against its major counterparts in the New York session on Wednesday.
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6h 14min ago
Canadian Market Recovers From Early Setback, Down Marginally At Noon
After a weak start and a subsequent fall to lower levels, the Canadian market regained some lost ground Wednesday morning, but remains weak around noon with technology and energy stocks still struggling a bit for support.
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7h 50min ago
U.S. Consumer Prices Climb 0.5% In January, More Than Expected
Consumer prices in the U.S. increased by more than expected in the month of January, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index advanced by 0.5 percent in January after climbing by 0.4 percent in December. Economists had expected consumer prices to rise by 0.3 percent.
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10h 32min ago
Heineken Stock Climbs On Positive Outlook, Share Buyback, Despite Weak FY24 Results
Shares of Heineken N.V. were gaining around 13 percent in the Amsterdam trading after the Dutch brewer announced positive outlook for fiscal 2025, a dividend, and up to 1.5 billion euros share buyback program. This was despite reporting weak profit and revenues in its fiscal 2024.
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11h 13min ago
U.S. Consumer Prices Climb More Than Expected In January
Consumer prices in the U.S. increased by more than expected in the month of January, according to a report released by the Labor Department on Wednesday.
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11h 37min ago
