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Fall In German Industrial Production Exceeds Expectations

Reflecting weak production of energy and pharmaceutical products, Germany's industrial output declined more than expected in May, darkening economic outlook. Industrial production posted a monthly fall of 0.2 percent in May in contrast to the 0.3 percent increase in April, Destatis reported Friday. Output was forecast to drop 0.1 percent.
RTTNews | 1171 days ago
Japanese Yen Climbs On Rate Concerns

Japanese Yen Climbs On Rate Concerns

The Japanese yen appreciated against its major counterparts in the European session on Friday, as strong U.S. economic data ignited fears of more interest rate hikes by the Federal Reserve.
RTTNews | 1171 days ago
CAC 40 Little Changed In Cautious Trade

CAC 40 Little Changed In Cautious Trade

French stocks were little changed in cautious trade on Friday, after having fallen sharply in the previous session on fears of more interest-rate hikes from central banks.
RTTNews | 1171 days ago
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DAX Subdued As Industrial Output Falls

DAX Subdued As Industrial Output Falls

German stocks were trading lower on Friday amid lingering worries about the impact of rising interest rates on economic growth.
RTTNews | 1171 days ago
UK House Prices Fall Most In 12 Years: Halifax

UK House Prices Fall Most In 12 Years: Halifax

UK house prices declined at the fastest pace in twelve years in June as rising interest rates dampened demand, results of a survey by Lloyds Bank subsidiary Halifax showed Friday. House prices fell 2.6 percent on a yearly basis in June, which was the biggest fall since June 2011. This followed a 1.1 percent decrease in May.
RTTNews | 1172 days ago
European Economic News Preview: Germany Industrial Output Data Due

European Economic News Preview: Germany Industrial Output Data Due

Industrial production from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to release Germany's industrial production for May. Economists forecast output to fall 0.1 percent on month, in contrast to the 0.3 percent increase in April.
RTTNews | 1172 days ago
Sensex, Nifty Struggle For Direction In Early Trade

Sensex, Nifty Struggle For Direction In Early Trade

Indian shares struggled for direction on Friday as upbeat U.S. private payrolls and service sector data added to concerns about the outlook for interest rates following Wednesday's hawkish Federal Reserve minutes.
RTTNews | 1172 days ago

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