European Economic News Preview: UK Inflation Data Due

RTTNews | 140 days ago
Stocktwits
European Economic News Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK and current account from the euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for May. Consumer price inflation is seen at 2.0 percent compared to 2.3 percent in April. Output prices are expected to climb 0.1 percent on month, while input prices are forecast to fall 0.2 percent.

In the meantime, unemployment data is due from Sweden.

At 4.00 am ET, the European Central Bank is set to publish monthly current account data for April. The current account surplus is forecast to fall to EUR 35.2 billion from EUR 35.8 billion in March.

At 5.00 am ET, construction output data is due from the euro area.

Stocktwits
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Indonesia Bourse May Crack Resistance At 7,500 Points

Indonesia Bourse May Crack Resistance At 7,500 Points

The Indonesia stock market on Tuesday ended the two-day slide in which it had slumped almost 100 points or 1.4 percent. The Jakarta Composite Index now rests just above the 7,490-point plateau and it may extend its gains on Wednesday.
RTTNews | 5h 7min ago
Australian Market Significantly Higher

Australian Market Significantly Higher

Australian shares are trading significantly higher on Wednesday, reversing the losses in the previous session, with the benchmark S&P/ASX 200 moving a tad above the 8,200 level, following the broadly positive cues from Wall Street overnight, with gains across all sectors led by technology and financial stocks.
RTTNews | 5h 7min ago
Higher Open Predicted For Hong Kong Stock Market

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in three straight sessions, advancing almost 700 points or 3.4 percent along the way. The Hang Seng Index now sits just above the 21,000-point plateau and it's got a positive lead again for Wednesday's trade.
RTTNews | 5h 22min ago
China Stock Market Has Firm Lead For Wednesday's Trade

China Stock Market Has Firm Lead For Wednesday's Trade

The China stock market has moved higher in two consecutive trading days, accelerating more than 110 points or 3.3 percent in that span. The Shanghai Composite now sits just above the 3,385-point plateau and it's expected to open higher again on Wednesday.
RTTNews | 5h 37min ago
Taiwan Shares Tipped To Open In The Green

Taiwan Shares Tipped To Open In The Green

The Taiwan stock market has moved higher in back-to-back sessions, gathering more than 325 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just above the 23,100-point plateau and it's expected open to the upside again on Wednesday.
RTTNews | 6h 7min ago
BoJ Minutes: Japan Economy Shows Modest Recovery

BoJ Minutes: Japan Economy Shows Modest Recovery

members of the Bank of Japan's Monetary Policy Board agreed that Japan's economy has recovered modestly, and is expected to continue to do so, minutes from the board's September 19-20 monetary policy meeting revealed on Wednesday.
RTTNews | 6h 22min ago
Singapore Stock Market May Extend Its Gains

Singapore Stock Market May Extend Its Gains

The Singapore stock market has moved higher in two straight sessions, gathering more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just above the 3,580-point plateau and it's tipped to open in the green again on Wednesday.
RTTNews | 6h 37min ago
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