European Economic News Preview: Bank Of England To Hold Key Rate

RTTNews | 973 hari yang lalu

(RTTNews) - The Bank of England is widely expected to leave its benchmark rate unchanged on Thursday but markets await suggestion on the future path.

The monetary policy announcement is due at 7.00 AM ET. The bank had kept the rate unchanged at 5.25 percent over the last three consecutive meetings. The current rate is the highest since early 2008.

The market was pricing rate cuts as early as in May. However, the bank is likely to move in the dovish direction.

The bank is also slated to release its quarterly Monetary Policy Report setting out the economic analysis and inflation projections. Manufacturing Purchasing Managers' survey results from major Eurozone economies are the other major economic reports due on Thursday.

At 3.15 am ET, Spain's manufacturing PMI survey data is due. The index is seen rising to 48.0 in January from 46.2 in December.

At 3.30 am ET, Sweden's central bank is set to announce its monetary policy decision. At 3.45 am ET, S&P Global is scheduled to issue Italy's manufacturing PMI data. Economists forecast the index to advance to 47.3 in January from 45.3 in the prior month.

Thereafter, final PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone final manufacturing PMI data is due. The manufacturing index is expected to climb to 46.6, in line with the flash estimate, from 44.4 in December.

At 4.30 am ET, UK S&P/CIPS manufacturing PMI survey data is due. The final reading is seen at 46.9 in January, unchanged from the flash estimate.

At 5.00 am ET, Eurostat releases euro area flash inflation and unemployment data. Inflation is expected to ease to 2.8 percent in January from 2.9 percent in December. The euro area jobless rate is seen unchanged at 6.4 percent in December.

baca selengkapnya

TSX Remains In Negative Territory; Tech, Energy Stocks Climb Higher

Canadian stocks languish in negative territory on Thursday, tracking a sell-off in global markets due to rising oil prices and elevated bond yields.

RTTNews | 50 menit yang lalu

Swiss Market Ends Sharply Lower

The Switzerland market ended sharply lower on Thursday, like most of the markets across Europe, as higher bond yields and rising oil prices continued to hurt sentiment, prompting investors to exit counters. Data showing an acceleration in Swiss consumer price inflation in September hurt as well.

RTTNews | 1 jam 24 menit yang lalu

European Markets Slide To Multi-Month Lows Amid Energy, Yield Surge

European equities declined sharply Thursday amid rising oil prices and bond yields. The FTSE 100 fell 1.68%, DAX dropped over 1%, and CAC 40 lost 1.6%. Brent crude climbed to $101.50, up 3.5%. Regional inflation concerns raised monetary tightening prospects.

RTTNews | 1 jam 50 menit yang lalu

U.S. Construction Spending Unexpectedly Increases In August

A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.

RTTNews | 4 jam 26 menit yang lalu

U.S. Manufacturing Index Edges Lower In September But Still Indicates Growth

Manufacturing activity in the U.S. expanded for the ninth consecutive month in September, according to a report released by the Institute for Supply Management on Thursday. The ISM said its manufacturing PMI edged down to 54.5 in September from 54.6 in August, but a reading above 50 still indicates growth. Economists had expected the index to inch up to 55.0.

RTTNews | 4 jam 32 menit yang lalu

U.S. Jobless Claims Unexpectedly Edge Down To 197,000

A day ahead of the release of its more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended September 26th. The Labor Department said initial jobless claims slipped to 197,000, a decrease of 1,000 from the previous week's revised level of 198,000.

RTTNews | 6 jam 4 menit yang lalu

Accenture Shares Climb On Strong Q4, Positive Outlook, $9.5 Bln Return Plan

Shares of Accenture plc were climbing around 18 percent in pre-market activity on the NYSE after the Irish professional services company reported Thursday strong growth in fourth-quarter earnings, revenues and bookings, with improved performance in all industry groups and regions. Further, the firm issued positive outlook for first quarter and fiscal 2027.

RTTNews | 6 jam 6 menit yang lalu

Bond Yields, Oil Prices Drive European Stocks To Multi-Month Low

European equities declined sharply Thursday amid weak UK housing data and softer French manufacturing reports. Despite easing US inflation concerns, investors remained reluctant to add stock positions. Oil prices climbed on Middle East tensions, with Brent crude reaching $100.79 per barrel.

RTTNews | 6 jam 17 menit yang lalu

EURUSD	1.12401	GBPUSD	1.31953
USDJPY	158.075	USDCAD	1.42314