European Economic News Preview: Italy Final Inflation Data Due
(RTTNews) - Final inflation from Italy and economic forecast from Switzerland are due the top economic news due on Monday.
At 3.00 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss economic forecast.
In the meantime, producer price data is due from the Czech Republic.
At 4.00 am ET, Italy's statistical office ISTAT publishes final consumer and harmonized prices for May. The initial estimate showed that consumer price inflation held steady at 0.8 percent in May.
At 5.00 am ET, labor cost data is due from Eurozone. The labor cost index is forecast to rise 4.9 percent in the first quarter after rising 3.4 percent in the preceding period.
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Eurozone Private Sector Stagnates In October
The euro area private sector stagnated in October as the contraction in manufacturing was offset by the services activity growth, final survey results published by S&P Global showed on Wednesday. The HCOB composite output index registered 50.0 in October signalling no change in private sector output. The reading was up from 49.6 in September and above the flash score of 49.7.
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7h 31phút trước
Bay Street Looks Headed For Positive Start
Higher Canadian and U.S. futures and firm European stocks following Donald Trump's victory in the U.S. Presidential Election point to a positive start for the Canadian market on Wednesday.
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7h 47phút trước
Spanish Services Sector Expands For 14th Month - PMI Survey
Spain's services industry grew for the fourteenth month in a row in October led by strong improvement in sales and demand and firms increased hiring markedly in response to better business, results of the purchasing managers' survey by S&P Global showed on Wednesday.
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7h 57phút trước
UK Construction Sector Growth Weakens In October
The UK construction sector growth slowed notably in October but overall industry activity remained solid on civil engineering work, survey results from S&P Global showed on Wednesday. The construction Purchasing Managers' Index posted 54.3 in October, down from 57.2 in September. The index signaled expansion for the eighth consecutive month.
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8h 44phút trước
BMW Stock Hits On Weak Q3 Profit, Volume; Backs FY24 View
Shares of BMW Group were losing around 5 percent in the morning trade on Germany's XETRA after the luxury auto major reported Wednesday sharply lower profit and revenues in its third quarter with weak volume in all regions, mainly in China. Further, BMW Group confirmed its recently adjusted fiscal 2024 guidance. According to the firm, delivery stops related to the supplied Integrated Brake System
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9h 12phút trước
Sensex, Nifty Rally On Trump's Victory; IT Stocks Lead
Indian shares posted strong gains on Wednesday, with firm global cues boosting sentiment after U.S. Republican Donald Trump claimed victory in the 2024 presidential contest.
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9h 56phút trước
German Factory Orders Log Stronger Than Expected Rebound
Germany's factory orders rebounded at a faster than expected pace in September on robust demand for aircraft, ships, trains and military vehicles, data from Destatis showed on Wednesday. Factory orders advanced 4.2 percent on a monthly basis in September, in contrast to the revised 5.4 percent decline in August.
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10h 19phút trước
Home Depot Co-founder Bernard Marcus Dies At 95
Bernard Bernie Marcus, who co-founded retail chain the Home Depot Inc., has died, aged 95. The Billionaire, said to be a major donor to Republican politicians and a supporter of Donald Trump, breathed his last on the U.S. Election day. In a statement announcing the news, the company, which is now mainly owned by institutional investors, said, "Bernie was an inspiration in many ways...."
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10h 29phút trước
