European Economic News Preview: German Industrial Output Data Due
(RTTNews) - Industrial production from Germany and investor sentiment from the euro area are the top economic news due on Monday.
At 2.00 am ET, Destatis releases Germany's industrial production data for October. Economists expect output to grow 0.2 percent on a monthly basis, slower than the 1.3 percent rise in September.
In the meantime, industrial output from Denmark is due.
At 3.00 am ET, the Czech Statistical Office publishes industrial output and foreign trade data.
At 4.30 am ET, Eurozone Sentix investor confidence survey results are due. The investor sentiment index is seen at -6.2 in December compared to -7.4 in November.
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U.S. Dollar Advances Amid Fed Rate Hike Expectations, Fresh Crude Oil Supply Concerns
The U.S. Dollar value edged higher on Monday as investors anticipate a possible rate hike by the U.S. Federal Reserve at the end of its two-day meeting which commences tomorrow. In addition, fresh concerns of supply disruptions in the Middle East that pushed crude oil prices higher, supported the U.S. dollar.
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1h 1min ago
Swiss Market Ends On Firm Note
The Switzerland market ended on a strong note on Monday after holding firm right through the day's session thanks to sustained buying at several counters.
Despite lingering concerns about geopolitical tensions and elevated oil prices, the mood in the Swiss market remained quite positive.
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3h 42min ago
European Stocks Close Weak; UK Market Bucks Trend
European stocks closed weak on Monday amid concerns about rising oil prices and geopolitical tensions.
A sell-off in the tech sector following warnings of a potentially large-scale AI-driven cyberattacks hurt the markets.
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3h 57min ago
Canadian Market Edges Higher On Energy Boost
Canadian market's benchmark S&P/TSX Composite Index was modestly higher a little before noon on Monday with investors digesting the nation's inflation data and assessing the potential economic impact of elevated oil prices.
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6h 13min ago
Bay Street Likely To Open Weak; Inflation Data In Focus
Canadian stocks look headed for a weak start on Monday as selling is likely in the materials and technology sectors due to weak precious metals prices and warning of potentially large-scale AI-driven cyberattacks, respectively.
Energy stocks may find support as oil prices are up sharply on supply concerns.
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9h 39min ago
Asian Markets Weighed By AI Worries, Crude Oil Price Spike
Renewed worries about the development of Artificial Intelligence and the call by AI leaders to slowdown the pace of AI development dampened sentiment across Asian markets. The spike in crude oil prices as well as worries about inflation also weighed on market sentiment ahead of interest rate decisions by the Federal Reserve and Bank of Japan.
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10h 11min ago
FTSE Climbs Higher On Pharma, Energy Strength
London's benchmark index advanced 69.78 points to 10,720.22 on Monday, boosted by buying in pharmaceuticals, energy, and heavyweight counters. Sage Group climbed over 6%, while losses in mining and financial sectors limited the market's upside potential.
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10h 24min ago
CAC 40 Slides 0.65% On Oil Surge, Tech Selloff
The CAC 40 fell 52.79 points to 8,126.98 Monday, pressured by surging crude prices and warnings of large-scale AI-driven cyberattacks in the tech sector. Geopolitical tensions and central bank meeting caution also contributed.
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10h 53min ago
