European Economic News Preview: Eurozone Foreign Trade Data Due
(RTTNews) - Foreign trade data from the euro area is the only major statistical report due on Monday, headlining a light day for the European economic news.
At 2.30 AM ET, Switzerland's Federal Statistical Office publishes industrial production data for the third quarter.
At 3.00 AM ET, the Czech Statistical Office is scheduled to release producer prices for October. Economists expect producer prices to grow 0.9 percent annually, following a 0.6 percent rise in September.
At 4.00 am ET, foreign trade data is due from Spain.
At 5.00 am ET, Eurostat publishes euro area external trade data for September. The trade surplus is forecast to increase to EUR 7.9 billion from EUR 4.6 billion in the previous month.
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FTSE 100 Marginally Higher In Lackluster Trade
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DAX Inches Higher In Cautious Trade As Banks Gain
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Asian Shares Mixed; Nikkei Underperforms After BoJ Ueda's Comments
Asian stocks turned in a mixed performance on Monday due to renewed concerns over Trump's potential tariffs and uncertainty over Fed's policy.
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Yen Retreats After BoJ Ueda Comments Add Rate Hike Uncertainty
The Japanese yen retreated from recent highs against other major currencies in the Asian session on Monday, after the Bank of Japan Governor Kazuo Ueda said the future interest rate decisions will be data-dependent and avoided giving clear idea about the timing of the next rate hike.
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Yen Retreats Against Majors
The Japanese yen retreated from recent highs against other major currencies in the Asian session on Monday.
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BoJ Chief Says Future Rate Decisions Will Be Data Dependent
Bank of Japan Governor Kazuo Ueda said the future interest rate decisions will be data-dependent and avoided giving clear idea about the timing of the next rate hike. At each monetary policy meeting, the BoJ will make policy decisions based on its assessment of economic activity and prices with the data and information available at the time of each meeting, Ueda told business leaders in Nagoya.
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