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European Economics Preview: Eurozone Current Account Data Due
(RTTNews) - Current account data from the euro area is due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's producer price data. Producer price inflation is seen at 37.1 percent in August versus 37.2 percent in July.
At 3.00 am ET, the State Secretariat for Economic Affairs releases Swiss August economic forecast.
At 3.30 am ET, Sweden's central bank announces its monetary policy decision. The bank is forecast to raise its key rate to 1.50 percent from 0.75 percent.
At 4.00 am ET, the European Central Bank publishes euro area current account data. The current account surplus is seen at EUR 5.3 billion in July versus EUR 4.2 billion in June.
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Swiss Market Ends On Firm Note
After a flat start and a subsequent sluggish spell the Switzerland market moved higher on Monday with stocks gradually gaining in strength as the day progressed.
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European Stocks Close Broadly Higher Ahead Of Earnings Announcements
European stocks closed higher on Monday, and the U.K. market recorded its longest winning streak in over five years, moving up for the eleventh consecutive session, as investors focused on upcoming earnings announcements and some crucial European and U.S. economic data.
Hopes of a de-escalation in U.S.-China trade friction too contribute to the positive mood in the market.
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Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops
Domino's Pizza Inc. announced Monday higher earnings in its first quarter, above market estimates, amid revenue growth. Meanwhile, the largest pizza company in the world recorded weak income from operations and U.S. same store sales, and its top line missed the Street view. In pre-market activity on the Nasdaq, Domino's Pizza shares were losing around 2.6 percent.
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Bay Street Likely To Open On Mixed Note
The Canadian market is likely to open on a mixed note on Monday with investors mostly making cautious moves, as the nation goes to the polls today.
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Pound Rises As European Shares Traded Higher
The British pound strengthened against other major currencies in the European session on Monday amid increased risk appetite, as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Monday.
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FTSE Up Marginally In Cautious Trade
The U.K. market is marginally up at noon on Monday with investors making some selective purchases ahead of a slew of corporate earnings announcements and some crucial economic data this week.
Optimism about U.S. and China striking a trade deal sometime soon is also contributing to the positive mood in the market.
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CAC 40 Notably Higher; Airbus Rises Nearly 2.5%
French stocks are gaining ground in positive territory on Monday with investors indulging in some brisk buying at several counters ahead of key earnings updates and some crucial economic data from the U.S. and Europe due this week.
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