European Economics Preview: Eurozone Final Composite PMI Data Due

RTTNews | vor 723 Tagen
European Economics Preview: Eurozone Final Composite PMI Data Due

(RTTNews) - Final Purchasing Managers' survey results from the Euro area and the UK are due on Tuesday, headlining a busy day for the European economic news.

At 2.45 am ET, France's statistical office Insee releases industrial production data for May. Economists forecast output to grow 0.2 percent on month, in contrast to the 0.1 percent fall in April.

At 3.15 am ET, Spain S&P Global services PMI survey results are due. The PMI is seen at 53.5 in June versus 56.5 in May.

At 3.45 am ET, S&P Global releases Italy's services Purchasing Managers' survey data. Economists forecast the services index to fall to 51.5 in June from 53.7 in May.

Thereafter, final PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone S&P Global final composite PMI data is due. Economists expect the composite index to fall to 51.9 in June, as initially estimated, from 54.8 in May.

Half an hour later, UK S&P/CIPS services PMI data is due. The services PMI is seen unchanged at 53.4 in June.

read more
U.S. Pending Home Sales Unexpectedly Slump 2.1% In May

U.S. Pending Home Sales Unexpectedly Slump 2.1% In May

Pending home sales in the U.S. unexpectedly saw a continued decrease in the month of May, the National Association of Realtors revealed in a report released on Thursday. NAR said its pending home sales index slumped by 2.1 percent to 70.8 in May after plunging by 7.7 percent to 72.3 in April. Economists had expected pending home sales to jump by 2.5 percent.
RTTNews | vor 5Std 23 Minuten
U.S. Durable Goods Orders Unexpectedly Inch Higher In May

U.S. Durable Goods Orders Unexpectedly Inch Higher In May

The Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods unexpectedly crept higher in the month of May. The report said durable goods orders inched up by 0.1 percent in May after rising by a downwardly revised 0.2 percent in April. Economists had expected durable goods orders to slip by 0.1 percent.
RTTNews | vor 5Std 47 Minuten
U.S. Jobless Claims Dip More Than Expected To 233,000

U.S. Jobless Claims Dip More Than Expected To 233,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 22nd. The Labor Department said initial jobless claims dropped to 233,000, a decrease of 6,000 from the previous week's revised level of 239,000. Economists had expected jobless claims to edge down to 236,000.
RTTNews | vor 6Std 25 Minuten
Amazon Plans To Launch Discount Web Store: Reports

Amazon Plans To Launch Discount Web Store: Reports

Amazon plans to launch a discount web store for selling low-cost apparel and other products directly shipped from warehouses in China, reports said citing a slide presentation in an invite-only meeting with Chinese merchants. The move is said to help the e-commerce giant meet growing competition from discount online platforms Temua, a unit of PDD Holdings Inc., as well as online fashion retailer
RTTNews | vor 6Std 33 Minuten
Eurozone Money Supply, Private Sector Credit Rise In May

Eurozone Money Supply, Private Sector Credit Rise In May

Eurozone broad money supply and private sector credit expanded in May but growth remained subdued, data from the European Central Bank showed on Thursday. The broad monetary aggregate M3 posted an annual increase of 1.6 percent after rising 1.3 percent in April. This was the fastest growth since March 2023 and also slightly exceeded expected growth of 1.5 percent.
RTTNews | vor 6Std 41 Minuten