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European Economics Preview: UK Unemployment Data Due

RTTNews | 1007 days ago

European Economics Preview: UK Unemployment Data Due

(RTTNews) - Unemployment from the UK and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics is set to issue UK labor market statistics for three months to April. The jobless rate is forecast to fall slightly to 3.6 percent from 3.7 percent the preceding period.

In the meantime, revised consumer prices and wholesale prices are due from Germany. According to flash data, consumer price inflation rose to 7.9 percent in May from 7.4 percent in April. The statistical office is expected to confirm the flash estimates.

Also, Statistics Sweden releases consumer prices for May. Consumer price inflation is forecast to rise to 7.0 percent from 6.4 percent in April.

At 3.00 am ET, consumer prices from Slovakia and industrial production from Hungary are due.

At 5.00 am ET, Germany ZEW economic confidence survey results are due. Economists forecast the economic sentiment index to rise to -27.5 in June from -34.3 in May.

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U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

A report released by the National Association of Home Builders on Monday showed a continued deterioration by U.S. homebuilder confidence in the month of March. The report said the NAHB/Wells Fargo Housing Market Index fell to 39 in March after slumping to 42 in February. Economists had expected the index to remain unchanged.

RTTNews | 4h 8min ago

New York Manufacturing Activity Drops Significantly In March

New York Manufacturing Activity Drops Significantly In March

The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing activity dropped significantly in the month of March. The New York Fed said its general business conditions index plunged to a negative 20.0 in March after jumping to a positive 5.7 in February, with a negative reading indicating contraction. Economists had expected the index to fall to a negative 1.9.

RTTNews | 4h 24min ago

U.S. Retail Sales Rebound In February But Much Less Than Expected

U.S. Retail Sales Rebound In February But Much Less Than Expected

After reporting a notable decrease by U.S. retail sales in the previous month, the Commerce Department released a report on Monday showing a modest rebound by retail sales in the month of February. The Commerce Department said retail sales rose by 0.2 percent in February after tumbling by a revised 1.2 percent in January. Economists had expected retail sales to climb by 0.7 percent.

RTTNews | 4h 27min ago

Dollar Weakens With Cooling Inflation

Dollar Weakens With Cooling Inflation

The U.S. dollar extended losses against major currencies during the week ended March 14 amidst a larger-than-expected softening in consumer price inflation as well as producer price inflation.

RTTNews | 5h 13min ago

New York Manufacturing Index Plunges Much More Than Expected In March

New York Manufacturing Index Plunges Much More Than Expected In March

The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing activity dropped significantly in the month of March.

RTTNews | 5h 58min ago

U.S. Retail Sales Rebound Less Than Expected In February

U.S. Retail Sales Rebound Less Than Expected In February

After reporting a notable decrease by U.S. retail sales in the previous month, the Commerce Department released a report on Monday showing a modest rebound by retail sales in the month of February.

RTTNews | 6h 4min ago

Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Monday morning, tracking commodity prices and European markets. The mood is likely to remain cautious with investors looking ahead to the Federal Reserve's monetary policy announcement on Wednesday.

RTTNews | 6h 20min ago

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the European session on Monday.

RTTNews | 6h 23min ago

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