European Economics Preview: Germany Unemployment Data Due

RTTNews | 1472 days ago
Stocktwits
European Economics Preview: Germany Unemployment Data Due

(RTTNews) - Unemployment from Germany and flash inflation data from euro area are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's import prices and labor market statistics. Import price inflation is forecast to remain unchanged at 29.9 percent in July.

At 2.45 am ET, France's statistical office Insee publishes revised GDP, flash inflation, household spending and producer price data. The statistical office is expected to confirm the economic growth at 0.5 percent for the second quarter. Flash consumer price inflation is seen at 6.1 percent in August, the same rate as in July.

At 3.00 am ET, consumer prices from Austria, producer prices from Hungary and GDP data from Turkey are due.

At 3.55 am ET, the Federal Labor Agency is slated to issue Germany's unemployment data for August. The jobless rate is forecast to rise to 5.5 percent from 5.4 percent in July.

At 5.00 am ET, Eurostat is set to publish euro area flash inflation figures for August. Inflation is seen rising to 9.0 percent from 8.9 percent in July.

In the meantime, flash consumer and harmonized prices are due from Italy. Consumer price inflation is forecast to climb to 8.1 percent in August from 7.9 percent in July.

Stocktwits
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Indian Shares Tumble Amid Geopolitical Concerns

Indian Shares Tumble Amid Geopolitical Concerns

Indian shares were sharply lower in early trade on Friday as crude oil prices soared amid escalating tensions in West Asia, raising worries about India's import bill, inflation and earnings.
RTTNews | 3h 18min ago
Australian Market Extends Early Strong Losses In Mid-market

Australian Market Extends Early Strong Losses In Mid-market

The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 4h 23min ago
Asian Markets Sink Amid Inflationary Risks

Asian Markets Sink Amid Inflationary Risks

Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
RTTNews | 4h 41min ago
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, sinking more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Friday.
RTTNews | 5h 50min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 63,550 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in automakers.
RTTNews | 6h 13min ago
Indonesia Stock Market Tipped To Open In The Red

Indonesia Stock Market Tipped To Open In The Red

The Indonesia stock market has finished lower in two straight sessions, surrendering almost 100 points or 1.4 percent in that span. The Jakarta Composite Index now rests just beneath the 6,590-point plateau and it may continued selling pressure on Friday.
RTTNews | 6h 20min ago
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