European Economic News Preview: UK Labor Market Data Due
(RTTNews) - Labor market data from the UK and economic sentiment from Germany are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to remain unchanged at 4.3 percent in the three months to November.
At 4.00 am ET, harmonized inflation data is due from Iceland.
At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic sentiment index is expected to fall to 15.2 in January from 15.7 in December.
In the meantime, unemployment data is due from Croatia.
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French Stocks Up Slightly After Weak Start
French stocks are up marginally Tuesday morning, recovering after opening on a slightly weak note, as investors assess the possible moves of the Trump administration with regard to global trade and imposition of tariffs.
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5h 17min ago
DAX Drifts Lower As Auto Stocks Lose Steam On Tariff Concerns
German stocks are down in negative territory Tuesday morning, weighed down by losses in the automobile sector amid uncertainty over potential new tariffs following Donald Trump taking charge as U.S. President.
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5h 37min ago
European Shares See Slight Uptick At Open
European stocks edged up slightly in cautious trade on Tuesday after U.S. President Donald Trump refrained from imposing immediate tariffs on his first day back in office.
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5h 39min ago
UK Jobless Rate Rises, Wage Growth Remains High
The UK unemployment rate rose slightly in the third quarter and wage growth remained high but falling vacancies suggests a decrease in pay pressures, official data showed on Tuesday. The unemployment rate rose to 4.4 percent in the September to November period, as expected, from 4.3 percent in the three months to October, the Office for National Statistics revealed.
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5h 48min ago
Dollar's Weak Show Amidst Weak Data
The U.S. Dollar recorded a mixed performance during the past week amidst favorable economic data and anxiety ahead of the inauguration of Donald Trump's presidency.
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5h 53min ago
Asian Shares Mixed Amid Trump Uncertainties
Asian stocks ended Tuesday's session on a mixed note as U.S. President Donald Trump announced plans to impose 25 percent tariffs on imports from Canada and Mexico, and said tariffs on China could hinge on a deal over TikTok's ownership.
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6h 7min ago
Commodity Currency's Slide As Crude Oil Prices Traded Lower
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as oil prices dropped after the U.S. President Donald Trump postponed imposing fresh tariffs and unveiled a plan to increase U.S. oil and gas production.
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6h 25min ago
Canadian Dollar Drops Against Majors
The Canadian dollar weakened against other major currencies in the Asian session on Tuesday.
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7h 22min ago
