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European Economic News Preview: Germany ZEW Economic Sentiment Due
(RTTNews) - Economic confidence from Germany and foreign trade data from the euro area are the top economic news due on Tuesday.
At 4.00 am ET, the State Secretariat for Economic Affairs releases Swiss Spring economic forecast. Also, foreign trade data is due from Italy.
At 6.00 am ET, Germany's ZEW economic sentiment survey results are due. The economic sentiment index is forecast to rise to 48.1 in March from 26.0 in the previous month.
In the meantime, Eurostat releases euro area foreign trade data for January. The trade surplus is seen at EUR 14.1 billion compared to EUR 15.5 billion in December.
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Fraport Stock Up On Growth In FY24 Results, Positive EBITDA Outlook
Shares of Fraport AG were gaining around 2 percent in German trading after the airport operator reported Tuesday higher profit in its fiscal 2024 as revenues were benefited by increased traffic volumes and prices at Frankfurt Airport and across its international network of airports. Looking ahead, for fiscal 2025, Fraport projects Group profit at previous year's level or slightly below.
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4h 11minuter sedan
U.S. Housing Starts Spike 11.2% In February, Much More Than Expected
New residential construction in the U.S. rebounded by much more than anticipated in the month of February, according to a report released by the Commerce Department on Tuesday. The Commerce Department said housing starts spiked by 11.2 percent to an annual rate of 1.501 million in February after plunging by 11.5 percent to a revised rate of 1.350 million in January.
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4h 13minuter sedan
U.S. Industrial Production Climbs Much More Than Expected In February
The Federal Reserve released a report on Tuesday showing industrial production in the U.S. increased by much more than expected in the month of January.
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4h 41minuter sedan
Bay Street Likely To Open On Volatile Note
Canadian stocks are likely to see some volatile swings on Tuesday, with investors reacting to hot inflation data, and firm commodity prices. The jump in inflation is likely to prompt the Canadian central bank to refrain from lowering interest rates at its next policy meeting.
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5h 3minuter sedan
U.S. Import Prices Unexpectedly Climb 0.4% In February
A report released by the Labor Department on Tuesday showed an unexpected increase by U.S. import prices in the month of February.
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5h 22minuter sedan
U.S. Housing Starts Rebound Much More Than Expected In February
New residential construction in the U.S. rebounded by much more than anticipated in the month of February, according to a report released by the Commerce Department on Tuesday.
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5h 26minuter sedan
German Economic Sentiment Strongest Since 2022
Investor confidence in Germany improved sharply to the highest level in more than three years in March on strengthening expectations regarding fiscal policy, a closely watched survey published by think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment climbed to 51.6 in March from 26 in February. The last time this indicator posted such a substantial increase was in January 2023.
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5h 34minuter sedan
Euro Rises Ahead Of German Debt Vote, Trump-Putin Talks
The euro strengthened against other major currencies in the European session on Tuesday, with an upcoming German vote on historic debt reforms and Ukraine peace talks in focus.
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6h 32minuter sedan
