European Economics Preview: UK Public Sector Finance Data Due
(RTTNews) - Public sector finance data from the UK is due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics is slated to issue UK public sector finance data for August. The budget deficit is seen at GBP 8.2 billion versus GBP 4.18 billion in July.
In the meantime, Sweden unemployment data is due for August.
At 4.00 am ET, retail sales figures are due from Poland. Economists forecast sales to climb 20.0 percent annually in August versus July's 18.4 percent increase.
At 6.00 am ET, the Confederation of British Industry releases UK Industrial Trends survey results. The order book balance is seen at -11 percent in September versus -7 percent in August.
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Asian Shares Muted Ahead Of US CPI Data
Asian stocks ended little changed on Wednesday after reports emerged that U.S. President-elect Donald Trump's economic advisers are discussing slowly ramping up tariffs month by month.
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5h 8min ago
Pound Slides Against Majors
The British pound weakened against other major currencies in the pre-European session on Wednesday.
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5h 48min ago
Yen Rises As BoJ Governor Ueda Signals Rate Hike
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, after Bank of Japan Governor Kazuo Ueda signaled raising interest rates at next week's meeting.
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6h 31min ago
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices from the UK and industrial production from the euro area are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for December. Inflation is forecast to remain unchanged at 2.6 percent.
Economists forecast output prices to remain flat on year, following a 0.6 percent drop in November.
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7h 5min ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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7h 13min ago
European Shares Seen Modestly Higher At Open; US CPI Data Eyed
European stocks may see modest gains at open on Wednesday as investors await the U.S. consumer price index (CPI) report for December 2024 later in the day for clues on the path of Federal Reserve policy.
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8h 21min ago
Sensex, Nifty Modestly Higher Led By PSU Stocks; Financials Drift Lower
Indian shares were slightly higher in early trade on Wednesday after bouncing back from a four-day losing streak the previous day on signs of easing retail inflation in the country.
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9h 8min ago
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and reluctant to make more significant moves ahead of a more closely watched report on US consumer price inflation later in the day that could influence the US Fed's rate trajectory. Asian markets closed mostly higher on Tuesday.
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10h 24min ago
