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European Economics Preview: Eurozone Industrial Output Data Due

RTTNews | 1015 days ago

European Economics Preview: Eurozone Industrial Output Data Due

(RTTNews) - Industrial production from euro area and revised consumer price data from France are the major statistical reports due on Wednesday.

At 2.00 am ET, the Swiss State Secretariat for Economic Affairs is set to release Summer economic forecast.

In the meantime, Statistics Norway publishes foreign trade data for May.

At 2.30 am ET, the Federal Statistical Office releases Swiss producer prices data. Prices had increased 6.7 percent annually in April.

At 2.45 am ET, the French statistical office Insee releases revised consumer and harmonized prices for May. The statistical office is expected to confirm the consumer price inflation at 5.2 percent.

At 4.00 am ET, consumer price data is due from Poland. Inflation is seen at 13.9 percent in May versus 12.4 percent in April.

At 5.00 am ET, Eurostat is scheduled to issue eurozone industrial production and foreign trade figures. Economists forecast output to fall 2.0 percent on month, following a 1.8 percent decrease in March.

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Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Wednesday.

RTTNews | 4h 9min ago

UK Inflation Cools To 2.8%

UK Inflation Cools To 2.8%

UK inflation softened unexpectedly in February on lower clothing costs, data from the Office for National Statistics showed on Wednesday. The consumer price index logged an annual increase of 2.8 percent in February, following January's 3.0 percent rise. Prices were forecast to climb again by 3.0 percent. Core inflation that excludes prices of energy, food, alcohol and tobacco, was 3.5 percent.

RTTNews | 4h 14min ago

European Shares Mostly Lower As US Tariff Deadline Looms

European Shares Mostly Lower As US Tariff Deadline Looms

European stocks were mostly lower on Wednesday ahead of a looming deadline for implementing additional U.S. tariffs.

RTTNews | 4h 54min ago

Asian Shares Follow Wall Street Higher

Asian Shares Follow Wall Street Higher

Asian stocks ended mostly higher on Wednesday even as deteriorating U.S. consumer confidence in the face of tariff fears coincided with economists' forecasts suggesting a risk of stagflation and rising odds of recession.

RTTNews | 5h 17min ago

Commodity Currencies Advance Amid Risk-on Mood

Commodity Currencies Advance Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as investors risk-on mood increased amid optimism about earlier interest rate cuts by the U.S. Fed after U.S. consumer confidence deteriorated by more than expected in the month of March. Traders are also optimistic about some tariff exemptions by the U.S. administration as they seek greater clarity on the next round of tariffs.

RTTNews | 5h 23min ago

Canadian Dollar Rises Against Most Majors

Canadian Dollar Rises Against Most Majors

The Canadian dollar strengthened against most major currencies in the Asian session on Wednesday.

RTTNews | 5h 39min ago

NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | 6h 15min ago

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | 6h 23min ago

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