European Economic News Preview: BoE Chief To Attend Treasury Committee Hearing
(RTTNews) - The treasury select committee hearing of the Bank of England governor is the only major event due on Thursday.
At 3.00 am ET, the Czech Statistical Office releases producer prices for April. Producer price inflation is seen slowing to 7.5 percent from 10.2 percent in March.
At 4.00 am ET, foreign trade data is due from Spain.
At 5.00 am ET, European Central Bank President Christine Lagarde attends the official celebration of the 175th anniversary of the first German national parliamentary assembly event in Frankfurt.
At 5.15 am ET, Bank of England Chief Andrew Bailey and policymakers Ben Broadbent and Dave Ramsden are set to attend the Treasury Select Committee hearing on quantitative tightening.
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French Stocks Shed Ground On Inflation Concerns
French stocks shed ground on Friday, retreating after two successive days of gains, as concerns about inflation and fears of policy tightening by some major central banks rendered the mood cautious.
A survey by the European Central Bank showed Euro Zone consumers nudged up their inflation expectations last month.
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22 minutes ago
Indian Shares End Mixed; Sensex Slips As IT Stocks Drag
Indian shares ended Friday's session mostly higher as a pullback in oil prices and global bond yields helped ease concerns around inflation, India's import bill and earnings.
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38 minutes ago
DAX Notably Lower As Inflation Concerns Weigh
German stocks drifted lower on Friday amid concerns about inflation after a survey by the European Central Bank showed Euro Zone consumers nudged up their inflation expectations last month.
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41 minutes ago
Gold Prices Climb As Oil Extends Slide On Easing Supply Concerns
Gold prices were up more than 1 percent on Friday as a pullback in oil prices and global bond yields helped ease inflation and interest-rate concerns.
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1h 12min ago
Oil Prices Extend Losses Amid Easing Supply Concerns
Oil prices fell sharply on Friday and headed for a weekly decline on hopes of limited supply disruption and renewed diplomatic efforts to end the conflict.
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1h 39min ago
European Shares Drift Lower In Cautious Trade
European stocks edged lower on Friday, after having risen notably in the previous session on the back of declining oil prices and reduced pressure in the bond market.
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1h 53min ago
Bank Of Japan Raises Rate To 1.25%; Highest Since 1995
The Bank of Japan raised its benchmark rate by a quarter point to a 31-year high amid high inflation and weaker yen. The policy board, governed by Ueda Kazu, decided by a 7-2 majority vote to raise the interest rate to 1.25 percent, marking the highest since 1995. The move was widely anticipated by markets.
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1h 58min ago
Asian Shares Mostly Higher As Tech Stocks Surge
Asian stocks rose broadly on Friday, with technology stocks leading the surge after reports emerged that SK Hynix and Intel are in early talks to produce memory chips together at Intel's idle Ohio complex in the United States.
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2h 20min ago
