European Economic News Preview: Italy Consumer & Business Sentiment Due
(RTTNews) - Consumer and business sentiment from Italy and revised GDP from Spain are the top economic news due on Friday.
At 3.00 am ET, Spain's statistical office INE publishes revised GDP data for the second quarter. The flash estimate showed that the economy expanded 0.7 percent after rising 0.6 percent in the first quarter.
At 4.00 am ET, Italy's statistical office ISTAT is set to release monthly consumer and business sentiment data. The business confidence index is seen rising to 87.5 in September from 87.4 in the previous month.
In the meantime, S&P Global issues Austria's manufacturing Purchasing Managers' survey data.
read more
Oil Prices Extend Losses Amid Easing Supply Concerns
Oil prices fell sharply on Friday and headed for a weekly decline on hopes of limited supply disruption and renewed diplomatic efforts to end the conflict.
RTTNews
|
15 minutes ago
European Shares Drift Lower In Cautious Trade
European stocks edged lower on Friday, after having risen notably in the previous session on the back of declining oil prices and reduced pressure in the bond market.
RTTNews
|
29 minutes ago
Bank Of Japan Raises Rate To 1.25%; Highest Since 1995
The Bank of Japan raised its benchmark rate by a quarter point to a 31-year high amid high inflation and weaker yen. The policy board, governed by Ueda Kazu, decided by a 7-2 majority vote to raise the interest rate to 1.25 percent, marking the highest since 1995. The move was widely anticipated by markets.
RTTNews
|
34 minutes ago
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.
RTTNews
|
56 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.
RTTNews
|
3h 21min 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.
RTTNews
|
3h 54min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews
|
3h 56min 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.
RTTNews
|
4h 58min ago
