European Economics Preview: Germany Producer Price Data Due
(RTTNews) - Producer prices data from Germany is the only major statistical report due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis releases Germany's producer prices for October. Producer prices are forecast to surge 41.5 percent on a yearly basis, but slower than the 45.8 percent gain posted in September.
In the meantime, capacity utilization data is due from Sweden.
At 4.00 am ET, Bank of Greece publishes current account figures for September. The current account surplus totaled EUR 0.45 billion in August.
read more
TSX Rises To Record High On All-round Buying
The Canadian market is up firmly in positive territory a little before noon on Thursday with stocks from several sectors moving higher on strong buying support.
Mining stocks are up sharply following a notable increase in metal prices, and technology stocks are gaining in strength, tracking impressive earnings updates from a few big name U.S. tech companies.
RTTNews
|
5h 54min ago
U.S. Pending Home Sales Unexpectedly Pull Back Sharply In December
After reporting four straight monthly increases by U.S. pending home sales, the National Association of Realtors released a report on Thursday showing pending home sales unexpectedly pulled back sharply in the month of December. NAR said its pending home sales index plunged by 5.5 percent to 74.2 in December after jumping by 1.6 percent to a downwardly revised 78.5 in November.
RTTNews
|
7h 11min ago
U.S. Economic Growth Slows More Than Expected In Q4
U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce Department on Thursday. The report said gross domestic product shot up by 2.3 percent in the fourth quarter after surging by 3.1 percent in the third quarter. Economists had expected GDP to jump by 2.6 percent.
RTTNews
|
7h 38min ago
U.S. Jobless Claims Dip More Than Expected To 207,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended January 25th. The Labor Department said initial jobless claims fell to 207,000, a decrease of 16,000 from the previous week's unrevised level of 223,000. Economists had expected jobless claims to slip to 220,000.
RTTNews
|
7h 53min ago
U.S. Gross Domestic Product Jumps Less Than Expected In Q4
U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce Department on Thursday.
RTTNews
|
9h 6min ago
U.S. Weekly Jobless Claims Dip More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended January 25th.
RTTNews
|
9h 10min ago
Bay Street Likely To Open Higher
anadian shares look headed for a positive start Thursday morning with firm bullion prices triggering some buying in the materials sector. Investors will also be reacting positively to encouraging updates from a few big name U.S. tech companies.
RTTNews
|
9h 16min ago
UK Mortgage Approvals Rise Unexpectedly
Mortgage approvals in the UK increased unexpectedly in December as home buyers rushed to avoid higher stamp duty from April, official data revealed Thursday. The number of mortgage approvals for house purchases increased to 66,500 in December from 66,000 in November, the Bank of England said. Approvals were expected to fall to 65,000.
RTTNews
|
9h 29min ago
