European Economic News Preview: UK Unemployment Data Due
(RTTNews) - Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter.
At 3.00 am ET, retail sales figures are due from Turkey.
At 5.00 am ET, German ZEW economic confidence survey results are due. Economists forecast the economic sentiment index to fall sharply to 39.7 in August from 52.7 in the previous month.
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Taiwan Data Due On Tuesday
Taiwan will on Tuesday release August figures for export orders and unemployment, highlighting a very light day for Asia-Pacific economic activity.
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52 minutes ago
Oil Extends Losses To 4th Straight Session, Sheds Over 4%
Oil prices fell sharply on Monday, losing for a fourth straight session, amid hopes diplomatic efforts will help de-escalate tensions in the Middle East.
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3h 56min ago
Swiss Market Ends On Buoyant Note
The Switzerland market closed on a strong note on Monday, as falling oil prices helped ease concerns about inflation and growth, prompting investors to pick up stocks.
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4h 51min ago
European Stocks Rally On Oil Decline, Diplomatic Optimism
European indices closed notably higher Monday as oil prices fell sharply on Middle East diplomatic hopes, easing inflation concerns. Brent crude futures dropped to $100 per barrel, losing approximately 4%. Financial, mining, and consumer stocks led gains, while energy stocks declined due to lower oil prices.
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5h 11min ago
U.S. Stocks Up Firmly; Tech Stocks Rally On Renewed Optimism Surrounding AI
U.S. stocks are up firmly in positive territory a little past noon on Monday, supported by lower Treasury yields and easing concerns about inflation due to a sharp drop in oil prices. Tech stocks are up amid renewed optimism about outlook for large AI hyperscalers.
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6h 20min ago
Canadian Stocks Mixed In Cautious Trade
Canadian stocks are turning in a mixed performance on Monday with the mood remaining cautious despite easing concerns about inflation following a sharp fall in oil prices.
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6h 55min ago
Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the European session on Monday.
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8h 49min ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Monday.
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9h 50min ago
