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European Economics News Preview: Germany GDP Data Due

RTTNews | 63 days ago

European Economics News Preview: Germany GDP Data Due

(RTTNews) - Revised quarterly national accounts data from Germany is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's revised GDP data. The initial estimate showed that the largest euro area economy contracted 0.2 percent in fourth quarter after expanding 0.1 percent in the preceding quarter. The statistical office is expected to confirm the figures.

At 3.00 am ET, the Czech Statistical Office is slated to release producer prices for January.

At 4.00 am ET, producer price data is due from Iceland.

At 6.00 am ET, the Confederation of British Industry publishes monthly Distributive Trades survey results. The retail sales balance is forecast to rise to -21 percent in February from -24 percent in January.

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Yen Rises Ahead Of BoJ Monetary Policy Meeting

Yen Rises Ahead Of BoJ Monetary Policy Meeting

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders await the Bank of Japan (BoJ) monetary policy decision due this week.

RTTNews | 19 minutes ago

German Consumer Sentiment Set To Continue Recovery: GfK

German Consumer Sentiment Set To Continue Recovery: GfK

German consumer confidence is set to continue its recovery in May as trade tariff hikes by the US administration had a limited impact, a closely watched survey showed Tuesday. The forward-looking consumer sentiment index improved unexpectedly to -20.6 in May from revised -24.3 in the previous month.

RTTNews | 19 minutes ago

Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Tuesday, as traders remain optimistic and keep a close eye on developments on the tariff front, with U.S. Treasury Secretary Scott Bessent reportedly said he believes an agreement in principle can reached on "17 or 18 important trade deals" the administration is currently negotiating.

RTTNews | 1h 0min ago

European Economic News Preview: Eurozone Economic Sentiment Due

European Economic News Preview: Eurozone Economic Sentiment Due

Economic sentiment and monetary aggregates from the euro area and consumer sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the market research group GfK publishes German consumer sentiment survey results. The confidence index is forecast to fall to -25.6 in May from -24.5 in April.

RTTNews | 1h 58min ago

Canadian Dollar Climbs Against Most Majors

Canadian Dollar Climbs Against Most Majors

The Canadian dollar strengthened against most major currencies in the Asian session on Tuesday.

RTTNews | 2h 3min ago

NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 0.5987 against the U.S. dollar, from yesterday's closing value of 0.5971.

RTTNews | 2h 8min ago

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.

RTTNews | 2h 17min ago

European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Tuesday as investors watch the latest developments on trade talks and await cues from some big U.S. tech companies.

RTTNews | 2h 18min ago

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