European Economic News Preview: UK Retail Sales Data Due
(RTTNews) - Retail sales data from the UK is the major economic report due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to fall 0.3 percent on a monthly basis, reversing an increase of 1.0 percent in August.
At 4.00 am ET, the European Central Bank publishes current account data for August. The surplus is expected to increase to EUR 42.2 billion from EUR 39.6 billion in July.
At 5.00 am ET, Eurostat is slated to issue euro area construction output figures for August.
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German GfK Consumer Sentiment To Deteriorate Sharply
German consumer confidence is set to deteriorate sharply at the end of the year as income expectations plunged to a nine-month low on growing fears of recession, a closely watched survey showed Wednesday. The consumer sentiment index slid to -23.3 in December from revised -18.4 in November, survey results jointly published by GfK and the Nuremberg Institute for Market Decisions revealed today.
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Pred 5 h 52 min
Pound Falls Against Most Majors
The British pound weakened against most major currencies in the European session on Wednesday.
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Pred 6 h 38 min
Sensex, Nifty End Slightly Higher As Adani Group Stocks Rebound
Indian shares eked out modest gains on Wednesday as the dollar slipped in international markets and a ceasefire deal between Israel and Hezbollah militants in Lebanon came into effect in the early hours today, denting oil's risk premium.
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Pred 7 h 25 min
European Shares Drift Lower Amid France's Debt Woes
European stocks traded lower on Wednesday as investors fretted about potential inflationary pressures arising from U.S. President-elect Donald Trump's proposed tariff policies.
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Pred 8 h 10 min
FTSE 100 Modestly Higher In Cautious Trade
U.K. stocks eked out modest gains in cautious trade on Wednesday as investors awaited the release of the Federal Reserve's preferred measure of inflation and weighed the potential impact of U.S. President-elect Donald Trump's tariff proposals on economic growth.
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Pred 8 h 32 min
CAC 40 Slides As French Risk Premium Peaks
French stocks fell sharply on Wednesday, with banks suffering heavy losses as the risk premium investors demand to hold French debt rose to its highest level since 2012 amid fiscal and political turbulence and angst over the fate of the new government.
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Pred 8 h 46 min
DAX Slips Into Red With Banks, Autos Pacing Declines
German stocks traded lower on Wednesday amid concerns over whether other countries could be targeted for tariffs under incoming U.S. President Donald Trump, a day after he pledged to impose significant tariffs on goods from Canada, Mexico, and China.
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Pred 8 h 58 min
Asian Shares Mixed As Tariff Concerns Persist
Asian stocks turned in a mixed performance on Wednesday as official data showed China's industrial profits fell again in October but less sharply than in September.
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Pred 9 h 23 min
