European Economic News Preview: UK Inflation Data Due

RTTNews | 105 days ago
European Economic News Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK and final inflation from the euro area are the top economic news due on Wednesday.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for June. Economists forecast inflation to ease slightly to 1.9 percent from 2.0 percent in May. Output prices are expected to grow 1.8 percent on year after rising 1.7 percent in the previous month.

At 3.00 am ET, the Czech Statistical Office is scheduled to issue producer prices for June.

At 4.30 am ET, UK house price data is due for July.

At 5.00 am ET, Eurostat is set to release euro area final consumer prices for June. Inflation is expected to ease slightly to 2.5 percent, as initially estimated, from 2.6 percent in May.

read more
French GDP Growth Doubles In Q3

French GDP Growth Doubles In Q3

France's economic growth doubled in the third quarter as the Paris Olympic and Paralympic Games boosted consumption, official data revealed Wednesday. Gross domestic product posted a quarterly growth of 0.4 percent after expanding 0.2 percent in the second quarter, first estimate from the statistical office INSEE showed. This was also better than economists' forecast of 0.3 percent.
RTTNews | 4h 9min ago
European Shares May See Soft Opening

European Shares May See Soft Opening

European stocks may open on a sluggish note Wednesday as investors react to mixed earnings results from U.S. technology companies and look forward to next week's U.S. presidential election and Federal Reserve rate decision for direction.
RTTNews | 5h 44min ago
European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Preliminary GDP estimates from the euro area and other European economies and budget announcement from the UK are due on Wednesday. At 2.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.3 percent in the third quarter after expanding 0.2 percent in the preceding period.
RTTNews | 5h 58min ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and reluctant to take positions ahead of the next week's U.S. presidential election and the US Fed's monetary policy decision. Concern about the tension in the Middle East is also weighing on the markets. Asian markets closed mostly higher on Tuesday.
RTTNews | 7h 53min ago