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European Economics Preview: Eurozone Industrial Output Data Due
(RTTNews) - Industrial production from the euro area is due on Monday, headlining a light day for the European economic news.
At 1.00 am ET, Statistics Finland releases consumer prices for October.
At 2.30 am ET, the Federal Statistical Office is slated to release Swiss producer prices for October. Producer prices are expected to gain 0.2 percent on month.
At 5.00 am ET, Eurostat is scheduled to issue euro area industrial production for September. Economists forecast output to grow 0.3 percent on month, slower than the 1.5 percent increase in August.
Also, industrial production data is due from Poland.
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Swiss Markets Settles Higher After Choppy Session
The Switzerland market closed on a positive note on Thursday with investors digesting some corporate earnings updates and reacting to the European Central Bank's rate cut decision.
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1h 21min ago
European Stocks Close Broadly Lower
European stocks pared some early losses on Thursday but still ended the day's trading session mostly weak. Worries about trade tensions and tariff uncertainty, and reluctance to pick up stocks ahead of a long weekend contributed to the weakness in the markets.
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1h 41min ago
Canadian Market Modestly Higher As Energy Stocks Shine
The Canadian market, which retreated after an early upmove Thursday morning, gained in strength in late morning trades. However, with a long weekend ahead, and the trade policy of U.S. President Donald Trump remaining uncertain, the mood in the market is quite cautious so far.
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2h 41min ago
Philly Fed Index Plummets To Two-Year Low In April
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a steep drop by its reading on regional manufacturing activity in the month of April. The Philly Fed said its diffusion index for current general activity plummeted to a negative 26.4 in April from a positive 12.5 in March, with a negative reading indicating contraction.
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4h 8min ago
U.S. Weekly Jobless Claims Unexpectedly Dip To Two-Month Low
First-time claims for U.S. unemployment benefits unexpectedly saw a modest decrease in the week ended April 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 215,000, a decrease of 9,000 from the previous week's revised level of 224,000.
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4h 13min ago
ECB Cuts Interest Rates By 25 Bps Again Despite 'Exceptional Uncertainty'
The European Central Bank slashed its key interest rates by a quarter basis point on Thursday, as expected, as policymakers assessed that disinflation remains on track but acknowledged that the significant uncertainty due to the escalation in the tariff war is going to hurt the Eurozone economic outlook.
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4h 25min ago
U.S. Housing Starts Plunge 11.4% In March, Much More Than Expected
A report released by the Commerce Department on Thursday showed new residential construction in the U.S. pulled back by much more than expected in the month of March. The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.
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4h 38min ago
Turkey Unexpectedly Lifts Rate By 350 Bps
The Turkish central bank raised its key interest rate in a surprise move on Thursday, reversing the sharp easing cycle that began last December, and also expressed preparedness to keep the policy tight. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to raise the policy rate to 46.0 percent from 42.5 percent.
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4h 38min ago
