European Economic News Preview: France Foreign Trade Data Due
(RTTNews) - Foreign trade data from France and industrial production from Italy are due on Friday, headlining a light day for the European economic news.
At 2.45 am ET, France's customs office is slated to publish external trade data for September. The trade deficit is forecast to narrow to EUR 7.0 billion from EUR 7.4 billion in August.
At 4.00 am ET, Italy's ISTAT publishes industrial output data for September. Production is expected to fall 0.4 percent on month, in contrast to the 0.1 percent rise in August.
At 6.00 am ET, retail sales data is due from Italy. Economists forecast sales to grow 0.2 percent on month in September, reversing a 0.5 percent fall in the previous month.
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TSX Closes At New Record High
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Swiss Stocks Close On Strong Note
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European Stocks Close On Firm Note On Optimism About More Interest Rate Cuts
European stocks closed on a firm note on Friday as some weak economic data raised expectations that the central banks will reduce interest rates further to boost growth.
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Canadian Market Modestly Higher In Cautious Trade
The Canadian market is modestly higher a little past noon on Friday with stocks turning in a mixed performance in cautious trade. Investors are digesting the latest economic data from Canada and the U.S., while continuing to follow the developments on the geopolitical front.
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Swiss Franc Declines Against Majors
The Swiss franc dropped against its major counterparts in the New York session on Friday.
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U.S. Consumer Sentiment Improves Less Than Previously Estimated In November
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Bay Street Seen Opening Higher
The Canadian market may open higher on Friday, with materials shares finding some support on firm metal prices. Investors will also be reacting to Canadian retails sales data and U.S. producer prices report.
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Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks
The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by the largest non-bank companies is aimed to protect personal data...
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