European Economic News Preview: German Economic Confidence Data Due
(RTTNews) - Economic sentiment from Germany and foreign trade from the euro area are due on Tuesday, headlining a light day for the European economic news.
At 4.00 am ET, the European Central Bank is scheduled to issue bank lending survey results.
In the meantime, Italy's statistical office ISTAT publishes final consumer price data for June. Consumer price inflation is forecast to remain unchanged at 0.8 percent in June, as initially estimated.
At 5.00 am ET, Germany ZEW economic sentiment survey data is due. The ZEW economic confidence index is forecast to fall sharply to 42.5 in July from 47.5 in June.
Also, foreign trade data is due from the euro area. The trade surplus is expected to increase to EUR 17.1 billion in May from EUR 15 billion in April.
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U.S. Economic Growth Unexpectedly Slows Modestly In Q3
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Euroarea Logs Faster GDP Growth In Q3 Despite Recession Worries
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U.S. Private Sector Employment Surges By 233,000 Jobs In October, Much More Than Expected
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. shot up by much more than anticipated in the month of October. ADP said private sector employment surged by 233,000 jobs in October after jumping by an upwardly revised 159,000 jobs in September. Economists had expected private sector employment to climb by 115,000 jobs.
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U.S. Gross Domestic Product Jumps Less Than Expected In Q3
A report released by the Commerce Department on Wednesday showed U.S. economic growth unexpectedly slowed in the third quarter.
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Bay Street Likely To Open On Mixed Note
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German Economy Avoids Recession In Q3
The German economy avoided a technical recession in the third quarter, thanks to household and government consumption, preliminary estimate from Destatis showed Wednesday. Gross domestic product grew 0.2 percent from a quarter ago, confounding expectations for a contraction of 0.1 percent. However, the statistical office downwardly revised the fall for the second quarter to 0.3 percent from 0.1 p
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