European Economic News Preview: Eurozone Final Inflation Data Due
(RTTNews) - Final consumer price data from the euro area is the only major economic data due on Wednesday.
At 2.00 am ET, the European Automobile Manufacturers' Association is scheduled to issue Europe's new car registrations for April. Auto sales had increased 28.8 percent annually in March.
At 3.00 am ET, final consumer price data is due from Austria.
At 4.00 am ET, Italy's statistical office releases foreign trade data for March. The trade surplus totaled EUR 2.1 billion in February.
At 5.00 am ET, Eurostat publishes euro area final inflation figures for April. Inflation is expected to edge up to 7.0 percent from 6.9 percent in March.
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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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14 minutes ago
Yen Falls Following BoJ Rate Decision
The Japanese yen weakened against other major currencies in the Asian session on Friday, following the Bank of Japan (BoJ) interest rate decision.
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2h 39min ago
European Shares Poised For Cautious Start
European stocks are seen opening flat to slightly lower on Friday as inflation concerns persist and the United States has approved the potential sale of 48 F-35 Lightning II Joint Strike Fighters to Saudi Arabia, marking a significant policy shift from the U.S.
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3h 13min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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3h 14min ago
Indian Shares Edge Up In Cautious Trade; IT Stocks Buck Trend
Indian shares were modestly higher in early trade on Friday as oil prices and bond yields retreated amid optimism surrounding Saudi Arabia's efforts to reroute crude exports through Oman and restore the East-West pipeline.
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4h 17min ago
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves on Friday, but extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,750 level, with gains in mining stocks partially offset by weakness in energy and technology stocks.
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5h 38min ago
Asian Markets Track Wall Street Higher
Asian markets are mostly higher on Friday, following the positive cues from Wall Street overnight, as a pullback in oil prices and bond yields helped ease global inflation worries and the outlook for interest rates. Market sentiment improved after US President Donald Trump stated that Washington is "hopefully toward the end" of fighting with Iran and that he has spoken "directly" with Iran.
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5h 41min ago
Indian Shares Set To Follow Global Peers Higher As Inflation Concerns Ease
Indian shares are seen opening higher on Friday, tracking gains in global markets as a pullback in oil prices and global bond yields helped ease inflation and interest-rate concerns.
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6h 16min ago
