European Economics Preview: Germany Ifo Business Confidence Data Due
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day for the European economic news.
At 1.00 am ET, Statistics Finland releases import price figures for August. Prices had advanced 32.5 percent annually in July.
At 3.00 am ET, the Czech Statistical Office is scheduled to issue business and consumer confidence survey results.
At 4.00 am ET, Germany's ifo business confidence survey data is due. The business sentiment index is expected to fall to 87.0 in September from 88.5 in the previous month.
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Swiss Market Ends On Firm Note
After a weak start and a subsequent recovery, the Switzerland market suffered a mild setback around early afternoon on Wednesday, but recovered swiftly and climbed higher to end the day's session on a firm note.
Encouraging U.S. and UK consumer price inflation data aided sentiment.
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6h 20min ago
European Stocks Close On Firm Note On Encouraging Economic Data
European stocks closed higher on Wednesday as investors reacted to some encouraging economic data, including consumer price inflation data from the U.K. and the U.S.
The less than expected increase in U.S. consumer price inflation has raised hopes of rates cuts by the Federal Reserve.
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6h 36min ago
U.S. Dollar Falls As Core Inflation Slows
The U.S. dollar moved down against its major counterparts in the New York session on Wednesday, as core consumer inflation came in cooler than expected in December, supporting hopes of rate cuts by the Federal Reserve.
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7h 13min ago
New York Manufacturing Index Unexpectedly Indicates Contraction In January
New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index tumbled to a negative 12.6 in January from a positive 2.1 in December, with a negative reading indicating contraction.
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10h 0min ago
U.S. Annual Core Consumer Price Growth Unexpectedly Slows In December
While the Labor Department released a closely watched report on Wednesday showing U.S. consumer prices increased by slightly more than expected in the month of December, the report also showed an unexpected slowdown by the annual rate of core consumer price growth.
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10h 15min ago
Indonesia Unexpectedly Cuts Key Interest Rate To Boost Economic Growth
Indonesia's central bank unexpectedly lowered interest rates for the first time in five policy sessions, in a bid to boost the economic growth, citing the prospect of lower inflation this year and next.
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10h 45min ago
New York Manufacturing Index Unexpectedly Turns Negative In January
New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday.
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11h 11min ago
U.S. Consumer Prices Climb Slightly More Than Expected In December
Largely reflecting a surge by energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased by slightly more than expected in the month of December.
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11h 17min ago
