European Economic News Preview: UK Unemployment Data Due

RTTNews | 1307 days ago
Stocktwits
European Economic News Preview: UK Unemployment Data Due

(RTTNews) - The labor market statistics from the UK and flash quarterly national accounts from the euro area are the top economic news due on Tuesday.

At 1.30 am ET, France's statistical office INSEE is set to release quarterly unemployment data. The jobless rate is seen unchanged at 7.3 percent in the fourth quarter.

At 2.00 am ET, UK unemployment and wage figures are due. The jobless rate is forecast to remain at 3.7 percent in three months to December.

Also, wholesale prices from Germany and GDP data from Norway are due.

At 2.30 am ET, the Federal Statistical Office publishes Swiss producer and import prices for January. In the meantime, preliminary GDP data is due from Hungary.

At 4.00 am ET, Statistics Poland is set to issue preliminary GDP data for the fourth quarter. The economy is forecast to shrink 0.4 percent sequentially after expanding 1.0 percent in the preceding period. At 5.00 am ET, Eurostat is scheduled to release euro area flash GDP estimate and employment data for the fourth quarter. The statistical office is likely to confirm the fourth quarter growth at 0.1 percent.

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TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 1 day ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 2 days ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 2 days ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 2 days ago
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair
RTTNews | 2 days ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
RTTNews | 2 days ago
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