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European Economic News Preview: UK GDP Data Due

RTTNews | 306 days ago

European Economic News Preview: UK GDP Data Due

(RTTNews) - Quarterly national accounts from the UK and industrial production from the euro area are the major reports due on Thursday.

At 1.30 am ET, France's statistical office INSEE publishes unemployment data for the third quarter. The jobless rate is expected to rise to 7.6 percent from 7.5 percent in the second quarter.

At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. The economy is forecast to grow 0.2 percent sequentially, slower than the 0.3 percent expansion in the second quarter.

In the meantime, consumer prices from Sweden and industrial production from Romania are due. Economists expect inflation to remain unchanged at 0.9 percent in October.

At 2.30 am ET, producer prices are due from Switzerland.

At 5.00 am ET, Eurostat is slated to release euro area industrial production figures for September. Economists expect industrial output to grow 2.1 percent year-on-year, faster than the 1.1 percent rise in August.

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Hang Seng May Extend Tuesday's Losses

Hang Seng May Extend Tuesday's Losses

The Hong Kong stock market headed south again on Tuesday, one day after ending the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just shy of the 24,670-point plateau and it may be stuck in neutral again on Wednesday.

RTTNews | 21 minutes ago

Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, reversing some of the losses in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,650 level, despite the broadly negative cues from Wall Street overnight, with gains in energy and financial stocks partially offset by weakness in technology stocks.

RTTNews | 27 minutes ago

China Stock Market Poised To Open Under Pressure

China Stock Market Poised To Open Under Pressure

The China stock market has moved lower in four straight sessions, slumping more than 85 points or 2.3 percent in that span. The Shanghai Composite Index now sits just above the 3,860-point plateau and it's tipped to open in the red again on Wednesday.

RTTNews | 36 minutes ago

Losing Streak May Continue For Taiwan Stock Market

Losing Streak May Continue For Taiwan Stock Market

The Taiwan stock market has finished lower in four straight sessions, surrendering more than 1,650 points or 3 percent in that span. The Taiwan Stock Exchange now sits just above the 45,500-point plateau and it may continue to sputter on Wednesday.

RTTNews | 1h 6min ago

Japan Has Y1.105 Trillion Trade Shortfall In August

Japan Has Y1.105 Trillion Trade Shortfall In August

Japan posted a merchandise trade deficit of 1.105 trillion yen in August, the Ministry of Finance said on Wednesday.

RTTNews | 1h 34min ago

Singapore Stock Market May Take Further Damage On Wednesday

Singapore Stock Market May Take Further Damage On Wednesday

The Singapore stock market on Tuesday snapped the two-day winning streak in which it had added almost 30 points or 0.5 percent. The Straits Times Index now sits just shy of the 5,640-point plateau and it may see continued consolidation on Wednesday.

RTTNews | 1h 36min ago

Japan Core Machinery Orders Sink 3.7% In July

Japan Core Machinery Orders Sink 3.7% In July

The total value of core machinery orders in Japan was down a seasonally adjusted 3.7 percent on month in July, the Cabinet Office said on Wednesday - coming in at 1.016 trillion yen.

RTTNews | 1h 39min ago

Japan Stock Market May Open Under Water On Wednesday

Japan Stock Market May Open Under Water On Wednesday

The Japanese stock market has finished lower in three straight sessions, shedding more than 1,780 points or 3 percent along the way. The Nikkei 225 now sits just shy of the 63,500-point plateau and it may take further damage again on Wednesday.

RTTNews | 2h 6min ago

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