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European Economic News Preview: Eurozone Flash PMI Data Due

RTTNews | 1301 days ago

European Economic News Preview: Eurozone Flash PMI Data Due

(RTTNews) - Flash Purchasing managers' survey results from major European economies and economic sentiment from Germany are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for January. The budget deficit is seen narrowing to GBP 6.95 billion from GBP 27.4 billion in the previous month.

In the meantime, the European Automobile Manufacturers Association publishes Europe's new car registrations data for January.

At 3.15 am ET, S&P Global releases France's flash composite Purchasing Managers' survey data. Economists forecast the composite index to rise to 49.9 in February from 49.1 in the previous month.

At 3.30 am ET, Germany's flash PMI data is due. The composite output index is seen at 50.4 in February, up from 49.9 a month ago.

Half an hour later, S&P Global releases euro area flash PMI data. Economists expect the composite index to rise to 50.6 in February from 50.3 in the prior month.

At 4.30 am ET, S&P Global/CIPS releases UK flash composite PMI survey results. The composite indicator is expected to rise moderately to 49.0 in February from 48.5 in the previous month.

At 5.00 am ET, Germany's economic confidence survey data is due. Economists expect the confidence index to rise to 22.0 in February from 16.9 in January.

At 6.00 am ET, the Confederation of British Industry is scheduled to issue Industrial Trends survey results. The order book balance is forecast to rise to -14 percent from -17 percent in January.

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Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is sharply lower on Monday, extending the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The Nikkei 225 is falling below the 63,050 level, with weakness in index heavyweights and technology stocks partially offset by gains in financial stocks.

RTTNews | 28 minutes ago

Indonesia Stock Market Poised To Open To The Upside On Monday

Indonesia Stock Market Poised To Open To The Upside On Monday

The Indonesia stock market has finished lower in three straight sessions, surrendering almost 150 points or 2.4 percent in that span. The Jakarta Composite Index now rests just above the 6,540-point plateau although it's expected to open higher on Monday.

RTTNews | 34 minutes ago

Hong Kong Stock Market May Stop The Bleeding On Monday

Hong Kong Stock Market May Stop The Bleeding On Monday

The Hong Kong stock market has moved lower in four straight sessions, sliding more than 800 points or 3.2 percent along the way. The Hang Seg Index now sits just above the 24,800-point plateau although it's expected to open in the green on Monday.

RTTNews | 49 minutes ago

Australian Markets Slightly Higher

Australian Markets Slightly Higher

The Australian stock market is slightly higher in choppy trading on Monday, snapping a four-session losing streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,750.00 level, with gains in energy, financial and technology stocks.

RTTNews | 58 minutes ago

China Stock Market May Reclaim 3,900-Point Level

China Stock Market May Reclaim 3,900-Point Level

The China stock market has finished lower in back-to-back sessions, contracting more than 60 points or 1.5 percent in that span. The Shanghai Composite Index now sits just beneath the 3,890-point plateau although it's likely to open to the upside on Monday.

RTTNews | 1h 4min ago

Taiwan Stock Market May Halt Its Slide On Monday

Taiwan Stock Market May Halt Its Slide On Monday

The Taiwan stock market has finished lower in two consecutive trading days, shedding almost 1,000 points or 2.2 percent along the way. The Taiwan Stock Exchange now sits just above the 46,180-point plateau although it's due for support on Monday.

RTTNews | 1h 34min ago

Singapore Stock Market May Extend Friday's Gains

Singapore Stock Market May Extend Friday's Gains

The Singapore stock market on Friday ended the four-day losing streak in which it had retreated almost 110 points or 3.4 percent. The Straits Times Index now sits just beneath the 5,700-point plateau and it may add to its winnings on Monday.

RTTNews | 2h 4min ago

Malaysia Stock Market Due For Support On Monday

Malaysia Stock Market Due For Support On Monday

The Malaysia stock market has finished lower in four sessions, slipping almost 30 points or 2 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,685-point plateau although it may find traction on Monday.

RTTNews | 2h 34min ago

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