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European Economic News Preview: Germany Industrial Output Data Due
(RTTNews) - Industrial production from Germany and investor confidence from the euro area are the top economic news due on Monday.
At 2.00 am ET, Destatis is scheduled to issue Germany's industrial output for March. Economists forecast industrial production to fall 1.3 percent on a monthly basis, following a 2 percent rise in February.
In the meantime, foreign trade data from Finland and manufacturing output from Denmark are due.
At 4.30 am ET, Eurozone Sentix investor confidence survey results are due. The economic sentiment index is expected to improve to -8.0 in May from -8.7 in April.
At 5.00 am ET, foreign trade figures are due from Greece.
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FTSE 100 Advances Despite Weak GDP Data
Despite data showing an unexpected contraction in the nation's GDP in the month of January, U.K. stocks are up in positive territory on Friday, tracking cues from other major European markets. Bank and mining stocks are among the prominent gainers.
RTTNews
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Pred 4 h 16 min
BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25
German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
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Pred 4 h 36 min
Pound Slides On Weak UK GDP Data
The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
RTTNews
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Pred 4 h 45 min
CAC Moderately Higher In Cautious Trade
French stocks are up in positive territory a little past noon on Friday, led by gains financials and luxury sectors. The mood remains cautious amid escalating trade war tensions. Slight optimism about a ceasefire in Ukraine is aiding sentiment.
RTTNews
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Pred 5 h 1 min
DAX Climbs Higher; Adidas, Daimler Among Notable Gainers
German stocks are up firmly in positive territory a little past noon on Friday, despite rising trade tensions, and uncertainty surrounding the nation's spending plans. Investors are digesting the nation's inflation data and some corporate earnings updates.
RTTNews
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Pred 5 h 29 min
Pound Slides Against Most Majors
The British pound weakened against most major currencies in the European session on Friday.
RTTNews
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Pred 6 h 38 min
European Shares Inch Higher In Cautious Trade
European shares inched higher on Friday but were on track for a weekly loss on heightened trade tensions and growing concerns about an economic slowdown.
RTTNews
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Pred 6 h 51 min
UK Economy Contracts Unexpectedly On Weaker Production
The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.
RTTNews
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Pred 7 h 10 min
