European Economic News Preview: UK Inflation Data Due

RTTNews | 9h 11min ago
Stocktwits
European Economic News Preview: UK Inflation Data Due

(RTTNews) - Consumer and producer prices from the UK and industrial production 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 December. Inflation is forecast to remain unchanged at 2.6 percent. Economists forecast output prices to remain flat on year, following a 0.6 percent drop in November.

At 2.45 am ET, France's statistical office INSEE publishes final inflation figures for December. Consumer price inflation is seen at 1.3 percent, unchanged from flash estimate.

At 3.00 am ET, final inflation figures are due from Spain. The flash estimate showed that inflation rose to 2.8 percent in December from 2.4 percent in November. The statistical office is expected to confirm the estimate published on December 30.

At 5.00 am ET, Eurostat is slated to issue euro area industrial production figures for November. Economists forecast production to grow 0.3 percent on month after remaining flat in the previous month.

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CAC 40 Modestly Higher After Inflation Data

CAC 40 Modestly Higher After Inflation Data

French stocks are modestly higher Wednesday morning with investors digesting the nation's consumer price inflation data, and looking ahead to U.S. inflation report for clues about Fed interest rates.
RTTNews | 5h 6min ago
DAX Rises Nearly 0.5% As Bond Yields Drop Slightly

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German stocks are climbing higher on Wednesday thanks to easing bond yields, and data showing an unexpected drop in British inflation. Investors, focusing on quarterly earnings, are also looking ahead to U.S. consumer price inflation data for more clues about Fed interest rates.
RTTNews | 5h 25min ago
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Indian shares ended Wednesday's session higher, the dollar rally paused, and bond yields dropped after data showed U.S. producer prices rose by slightly less than expected in December, offering temporary relief to investors worried about inflation and interest rates.
RTTNews | 5h 31min ago
FDA Proposes Front-of-package Nutrition Label For Packaged Foods

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RTTNews | 5h 37min ago
Pound Rebounds Against Majors

Pound Rebounds Against Majors

The British pound rebounded from recent weakness against other major currencies in the European session on Wednesday.
RTTNews | 5h 57min ago
European Shares Rise As Bond Yields Ease

European Shares Rise As Bond Yields Ease

European stocks edged higher on Wednesday as bond yields eased after the release of softer-than-expected U.S. producer inflation data.
RTTNews | 6h 53min ago
Asian Shares Muted Ahead Of US CPI Data

Asian Shares Muted Ahead Of US CPI Data

Asian stocks ended little changed on Wednesday after reports emerged that U.S. President-elect Donald Trump's economic advisers are discussing slowly ramping up tariffs month by month.
RTTNews | 7h 15min ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the pre-European session on Wednesday.
RTTNews | 7h 54min ago
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