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European Economic News Preview: UK Inflation Data Due

RTTNews | 300 days ago

European Economic News Preview: UK Inflation Data Due

(RTTNews) - Consumer prices from the UK and the euro area are the top economic news due on Wednesday.

At 2.00 am ET, the Office for National Statistics releases UK consumer prices for October. Economists forecast inflation to ease to 3.5 percent from 3.8 percent in September.

At 3.00 am ET, consumer price figures are due from Austria. Prices are expected to climb 4.0 percent in October.

At 4.00 am ET, the European Central Bank is set to release euro area current account data for September.

At 4.30 am ET, UK house price data is due. Annual growth in house prices is seen unchanged at 3.0 percent in November.

In the meantime, Iceland's central bank announces its monetary policy decision.

At 5.00 am ET, Eurostat is scheduled to release euro area final inflation data for October. The flash estimate showed that inflation slowed to 2.1 percent from 2.2 percent in September.

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Canadian Market Headed For Weak Close

Canadian Market Headed For Weak Close

he Canadian market is down firmly in negative territory Tuesday afternoon, weighed down by rising bond yields and worries about inflation amid elevated oil prices. The Fed is widely expected to raise interest rate by 25 basis points. The post-meeting comments are eyed for clues about the central bank's future rate path.

RTTNews | 41 minutes ago

Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

The Switzerland stock market ended weak on Tuesday as worries about geopolitical tensions, rising bond yields and elevated oil prices rendered the mood cautious.

RTTNews | 1h 15min ago

European Stocks Close Weak

European Stocks Close Weak

European stock markets ended lower on Tuesday as investors awaited monetary policy decisions from the Federal Reserve, Bank of England, and Bank of Japan. Rising bond yields, elevated oil prices following Saudi pipeline closures, and mixed economic data across the region weighed on sentiment.

RTTNews | 1h 30min ago

New York Manufacturing Index Pulls Back Sharply But Remains Positive

New York Manufacturing Index Pulls Back Sharply But Remains Positive

The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth. The New York Fed said its general business conditions index slumped to 7.6 in September from 20.6 in August.

RTTNews | 5h 36min ago

New York Manufacturing Index Slumps Much More Than Expected In September

New York Manufacturing Index Slumps Much More Than Expected In September

The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth.

RTTNews | 6h 30min ago

Bay Street Likely To Open On Slightly Weak Note

Bay Street Likely To Open On Slightly Weak Note

Weak Canadian and U.S. futures, lower precious metals prices and concerns about inflation and interest rates could weigh on Canadian stocks Tuesday morning. Investors look ahead to Federal Reserve's monetary policy announcement on Wednesday.

RTTNews | 6h 39min ago

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Tuesday.

RTTNews | 6h 58min ago

FTSE 100 Recovers Despite Weak UK Jobs Data, Oil Concerns

FTSE 100 Recovers Despite Weak UK Jobs Data, Oil Concerns

The FTSE 100 recovered from early losses on Tuesday as consumer and real estate stocks rallied. Disappointing employment data and oil price concerns pressured equities, while traders awaited policy guidance from global central banks.

RTTNews | 7h 26min ago

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