European Economic News Preview: UK Final Services PMI Data Due

RTTNews | 7h 55min ago
Stocktwits
European Economic News Preview: UK Final Services PMI Data Due

(RTTNews) - Final services Purchasing Managers' survey from the UK and unemployment from Spain are due on Tuesday, headlining a light day for the European economic news.

At 2.45 am ET, France's statistical office INSEE is slated to issue industrial production for September. Economists forecast output to fall 0.5 percent on month, in contrast to the 1.4 percent increase seen in August.

At 3.00 am ET, Spain's labor office publishes unemployment data for October. The number of unemployed is forecast to increase 26,500 after rising 3,200 in September.

At 4.30 am ET, S&P Global publishes final UK services Purchasing Managers' survey data. The final services PMI is seen at 51.8 in October, in line with flash estimate, down from 52.4 in September.

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Australian Dollar Rises As RBA Holds Interest Rate At 13-Year High

Australian Dollar Rises As RBA Holds Interest Rate At 13-Year High

The Australian dollar strengthened against other major currencies in the Asian session on Monday, after Australia central bank maintained its interest rate for the eighth straight session at a 13-year high, as underlying inflation remains too high.
RTTNews | 6h 0min ago
Australia Holds Interest Rate At 13-Year High

Australia Holds Interest Rate At 13-Year High

Australia central bank maintained its interest rate for the eighth straight session at a 13-year high on Tuesday as underlying inflation remains too high. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to hold the cash rate target at 4.35 percent. The bank had previously changed its rate in November 2023, when it was lifted by 25 basis points.
RTTNews | 7h 7min ago
Sensex, Nifty Extend Losses For Second Day

Sensex, Nifty Extend Losses For Second Day

Indian shares traded lower for a second straight session on Tuesday due to persisting Middle East tensions and uncertainty surrounding the closely contested U.S. presidential election.
RTTNews | 8h 41min ago
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