European Economics Preview: UK Unemployment Data Due

RTTNews | 1007 gün önce
European Economics Preview: UK Unemployment Data Due

(RTTNews) - Unemployment from the UK and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics is set to issue UK labor market statistics for three months to April. The jobless rate is forecast to fall slightly to 3.6 percent from 3.7 percent the preceding period.

In the meantime, revised consumer prices and wholesale prices are due from Germany. According to flash data, consumer price inflation rose to 7.9 percent in May from 7.4 percent in April. The statistical office is expected to confirm the flash estimates.

Also, Statistics Sweden releases consumer prices for May. Consumer price inflation is forecast to rise to 7.0 percent from 6.4 percent in April.

At 3.00 am ET, consumer prices from Slovakia and industrial production from Hungary are due.

At 5.00 am ET, Germany ZEW economic confidence survey results are due. Economists forecast the economic sentiment index to rise to -27.5 in June from -34.3 in May.

read more
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

After opening marginally up, the Switzerland market gained in strength as the day progressed on Monday, thanks to sustained buying at several counters, amid optimism about more monetary easing by central banks.
RTTNews | 4s 9 dakika önce
U.S. Business Inventories Rise In Line With Estimates In January

U.S. Business Inventories Rise In Line With Estimates In January

Business inventories in the U.S. increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said business inventories rose by 0.3 percent in January after dipping by 0.2 percent in December. The rebound matched expectations.
RTTNews | 7s 3 dakika önce
U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

A report released by the National Association of Home Builders on Monday showed a continued deterioration by U.S. homebuilder confidence in the month of March. The report said the NAHB/Wells Fargo Housing Market Index fell to 39 in March after slumping to 42 in February. Economists had expected the index to remain unchanged.
RTTNews | 7s 38 dakika önce
New York Manufacturing Activity Drops Significantly In March

New York Manufacturing Activity Drops Significantly In March

The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing activity dropped significantly in the month of March. The New York Fed said its general business conditions index plunged to a negative 20.0 in March after jumping to a positive 5.7 in February, with a negative reading indicating contraction. Economists had expected the index to fall to a negative 1.9.
RTTNews | 7s 54 dakika önce
U.S. Retail Sales Rebound In February But Much Less Than Expected

U.S. Retail Sales Rebound In February But Much Less Than Expected

After reporting a notable decrease by U.S. retail sales in the previous month, the Commerce Department released a report on Monday showing a modest rebound by retail sales in the month of February. The Commerce Department said retail sales rose by 0.2 percent in February after tumbling by a revised 1.2 percent in January. Economists had expected retail sales to climb by 0.7 percent.
RTTNews | 7s 57 dakika önce
Dollar Weakens With Cooling Inflation

Dollar Weakens With Cooling Inflation

The U.S. dollar extended losses against major currencies during the week ended March 14 amidst a larger-than-expected softening in consumer price inflation as well as producer price inflation.
RTTNews | 8s 43 dakika önce