European Economic News Preview: Eurozone Final PMI Data Due

RTTNews | 157 days ago
European Economic News Preview: Eurozone Final PMI Data Due

(RTTNews) - Final composite Purchasing Managers' survey results from the euro area and the UK are the top economic news due on Tuesday.

At 3.15 am ET, S&P Global publishes Spain's services and composite PMI data. The services index is forecast to fall to 50.7 in March from 51.9 in the prior month.

At 3.45 am ET, Italy's services and composite PMI survey results are due. Economists expect the services PMI to fall to 51.0 in March from 52.3 in the previous month.

At 3.50 am ET, final services and composite PMI survey results are due from France. The flash estimate showed that the composite output index fell to 48.3 in March from 49.9 in February.

At 3.55 am ET, S&P Global is scheduled to release Germany's composite PMI data. Economists forecast the composite index to fall to 51.9 in March, as initially estimated, from 53.2 in the previous month.

At 4.00 am ET, Eurozone final composite PMI survey data is due. The final composite index is seen at 50.5 in March, unchanged from the flash estimate and down from 51.9 in February.

At 4.30 am ET, S&P Global publishes UK final services and composite PMI survey data. The flash estimate showed that the composite index slid to 51.0 in March from 53.7 in February.

read more
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 10h 27min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 11h 0min ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 11h 23min ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 14h 45min ago
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair
RTTNews | 14h 53min ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
RTTNews | 15h 33min ago