European Economic News Preview: BoE, SNB Policy Announcements Due

RTTNews | 462 hari yang lalu
European Economic News Preview: BoE, SNB Policy Announcements Due

(RTTNews) - The monetary policy announcements from the Bank of England and the Swiss National Bank are due on Thursday.

The SNB announces its quarterly monetary policy announcement at 3.30 am ET. The bank is forecast to cut its key rate by a quarter-point to zero percent as inflation turned negative.

At 4.00 am ET, Norges Bank releases policy rate decision and monetary policy report. Markets forecast the bank to postpone its interest rate reduction. The bank is set to hold the rate at a 17-year high of 4.50 percent.

The BoE is expected to retain its benchmark rate at 4.25 percent amid rising geopolitical tensions and inflation remaining persistently above the target. The announcement is due at 7.00 AM ET.

At 7.00 am ET, policy announcement is also due from Turkey. The bank is set to hold its key interest rate at 46 percent.

Major economic reports other than monetary policy decisions are foreign trade from Switzerland and construction output from euro area.

At 2.00 am ET, Swiss customs office publishes foreign trade data. The trade surplus is expected to fall to CHF 5.85 billion in May from CHF 6.4 billion in April.

At 5.00 am ET, Eurostat is scheduled to issue euro area construction output data for April.

baca selengkapnya
Japan Stock Market Due For Consolidation On Friday

Japan Stock Market Due For Consolidation On Friday

The Japan stock market has climbed higher in four straight sessions, rallying more than 2,000 points or 3 percent in that span. The Nikkei 225 now sits just above the 65,500-point plateau, although it's likely to run out of steam on Friday.
RTTNews | 34 menit yang lalu
Thai Trade Data Scheduled For Friday

Thai Trade Data Scheduled For Friday

Thailand will on Friday release August numbers for imports, exports and trade balance, highlighting a very light day for Asia-Pacific economic activity.
RTTNews | 1 jam 34 menit yang lalu
TSX Down Marginally; Oil, Yields Pressure Market Sentiment

TSX Down Marginally; Oil, Yields Pressure Market Sentiment

Canadian equities declined Thursday as elevated oil prices and higher bond yields pressured markets. The S&P/TSX Composite Index dropped 0.15%. August retail sales rose 1.3% month-over-month, rebounding from July's 0.7% decline.
RTTNews | 4 jam 45 menit yang lalu
SNB Keeps Rates Steady; Swiss Equities Close Marginally Lower

SNB Keeps Rates Steady; Swiss Equities Close Marginally Lower

Switzerland's SMI benchmark fell 0.11% Thursday as the Swiss National Bank maintained its key interest rate at zero percent amid elevated oil prices and geopolitical tensions. The SNB raised its 2026 inflation forecast to 0.7% from 0.6%.
RTTNews | 5 jam 42 menit yang lalu
European Markets Retreat On Oil Rally, Rate Hike Bets

European Markets Retreat On Oil Rally, Rate Hike Bets

European stocks closed lower Thursday amid escalating Middle East tensions and expectations of additional Federal Reserve tightening. Oil prices climbed sharply while bond yields rose, creating headwinds for regional equities.
RTTNews | 6 jam 5 menit yang lalu
U.S. New Home Sales Rebound More Than Expected To Eight-Month High In August

U.S. New Home Sales Rebound More Than Expected To Eight-Month High In August

The Commerce Department released a report on Thursday showing a significant rebound in new home sales in the U.S. in the month of August. The report said new home sales surged by 6.4 percent to an annual rate of 684,000 in August after plunging by 4.3 percent to an upwardly revised rate of 643,000 in July.
RTTNews | 8 jam 34 menit yang lalu
U.S. Jobless Claims Unexpectedly Edge Down To Two-Month Low

U.S. Jobless Claims Unexpectedly Edge Down To Two-Month Low

First-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended September 19th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 197,000, a decrease of 1,000 from the previous week's revised level of 198,000. Economists had expected jobless claims to rise to 204,000.
RTTNews | 9 jam 47 menit yang lalu