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European Economic News Preview: UK GDP Data Due

RTTNews | 10h 22min ago

European Economic News Preview: UK GDP Data Due

(RTTNews) - Quarterly GDP data from the UK is the only major economic report due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK GDP data. The economy is forecast to grow marginally by 0.1 percent, as initially estimated in the third quarter, following a 0.5 percent expansion in the second quarter.

In the meantime, Destatis is scheduled to issue Germany's import prices for November. Economists forecast import prices to rise 0.5 percent on month, slower than the 0.6 percent in October.

At 3.00 am ET, Spain's statistical office INE releases Spain's GDP data for the third quarter. The initial estimate showed that the economy expanded at a steady pace of 0.8 percent.

At 4.00 am ET, Italy's non-EU trade data is due.

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Sensex, Nifty Rebound From Five-day Slump

Sensex, Nifty Rebound From Five-day Slump

Indian shares ended notably higher on Monday after five straight sessions of losses. Benchmark indexes both staged a share recovery, after having fallen nearly 5 percent over the last week.

RTTNews | 5h 16min ago

Starbucks Union Expands Strike To More States

Starbucks Union Expands Strike To More States

The ongoing strike at coffee retail giant Starbucks Corp. by its baristas has been expanded to nine states as of Sunday, according to the Starbucks Workers United union. The five-day strike began on Friday at Starbucks locations in Chicago, Los Angeles and Seattle- its hometown- seeking wage increases for baristas. The workers in Colorado, Ohio and Pennsylvania locations joined on Saturday...

RTTNews | 5h 48min ago

European Shares Struggle For Direction Ahead Of Holiday Break

European Shares Struggle For Direction Ahead Of Holiday Break

European stocks were subdued on Monday in the run-up to Christmas.

RTTNews | 6h 11min ago

FTSE 100 Subdued As GDP Figures Revised Down

FTSE 100 Subdued As GDP Figures Revised Down

U.K. stocks were flat to slightly lower on Monday after official data showed the U.K. economy stalled in the third quarter.

RTTNews | 6h 31min ago

Swiss Franc Slides Against Majors

Swiss Franc Slides Against Majors

The Swiss franc weakened against other major currencies in the European session on Monday.

RTTNews | 6h 37min ago

CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

French stocks drifted lower on Monday against the backdrop of Europe's tumultuous political backdrop and worries over potential tariffs under the incoming Trump administration in the U.S.

RTTNews | 6h 41min ago

DAX Dips Ahead Of Holiday Break

DAX Dips Ahead Of Holiday Break

German stocks edged lower in cautious trade on Monday ahead of upcoming Christmas holidays.

RTTNews | 6h 53min ago

Asian Shares Follow Wall Street Higher On US Inflation Relief

Asian Shares Follow Wall Street Higher On US Inflation Relief

Asian stocks followed Wall Street higher on Monday after the Federal Reserve's preferred inflation gauge came in below expectations, fueling hopes for more rate cuts by the U.S. Federal Reserve in 2025.

RTTNews | 7h 7min ago

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