European Economic News Preview: Eurozone Flash GDP Data Due

RTTNews | 21 dias atrás

(RTTNews) - Flash quarterly national accounts from Eurozone and other major euro area economies are due on Tuesday, headlining a hectic day for the European economic news.

At 1.30 am ET, France's statistical office INSEE is scheduled to release flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.1 percent sequentially in the first quarter, the same pace as seen in the fourth quarter.

At 2.00 am ET, Destatis publishes Germany's retail sales, import prices and ILO jobless rate data. Import prices are expected to decline 3.8 percent annually in March, following a 4.9 percent drop in February. Economists forecast retail sales to grow 1.5 percent on month in March, in contrast to the 1.9 percent fall in the previous month.

At 2.30 am ET, preliminary GDP figures are due from Hungary.

At 2.45 am ET, flash consumer prices and producer prices are due from France. Economists forecast consumer price inflation to ease to 2.1 percent in April from 2.3 percent in March.

At 3.00 am ET, preliminary GDP data is due from Spain, the Czech Republic and Austria are due. Spain GDP is expected to log a slower growth of 0.4 percent in the first quarter after rising 0.6 percent a quarter ago.

At 3.55 am ET, the Federal Labor Agency publishes Germany's unemployment data. The jobless rate is seen unchanged at 5.9 percent in April.

At 4.00 am ET, flash GDP data from Germany and Italy are due. The German economy is expected to shrink 0.2 percent in the first quarter after posting a similar contraction in the preceding period.

At 4.30 am ET, the Bank of England is set to release mortgage approvals data. The number of mortgages approved in March is expected to rise to 61,000 from 60,383 in February.

At 5.00 am ET, Eurostat publishes euro area flash GDP and inflation figures. The currency bloc is expected to expand 0.1 percent in the first quarter after staying stable in the fourth quarter. The inflation is expected to remain unchanged at 2.4 percent in April.

Samsung Names Young Hyun Jun CEO Of Semiconductor Business

South Korean tech giant Samsung Electronics Co Ltd announced Tuesday the appointment of Young Hyun Jun as the new Head of Device Solutions unit. The move is expected to strengthen its semiconductor business and its competitiveness amid surge in chip demand, despite uncertain global business environment.

RTTNews | 4 h 42 min atrás

European Economic News Preview: Eurozone Foreign Trade Data Due

Foreign trade and current account reports from the euro area are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices data for April. Economists forecast producer prices to fall 3.2 percent on a yearly basis, following a 2.9 percent decrease in March.

RTTNews | 5 h 29 min atrás

European Shares Seen Lower At Open On Hawkish Fed Comments

European stocks may open a tad lower on Tuesday as interest-rate concerns persist and the sudden death of Iranian President Ebrahim Raisi in a helicopter crash fueled uncertainty about oil supplies.

RTTNews | 5 h 50 min atrás

Sensex, Nifty Marginally Lower In Early Trade

Indian shares traded slightly lower on Tuesday amid elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.

RTTNews | 7 h 10 min atrás

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight, amid lingering uncertainty about the outlook for interest rates, with some US Fed officials warning the central bank may still need to raise rates if inflation persists. Traders also seemed reluctant to make more significant bets ahead of the release of the minutes of the latest Fed meeting.

RTTNews | 8 h 0 min atrás

Japanese Market Slightly Higher

Adding the gains in the previous session, the Japanese stock market is slightly higher on Tuesday, with the Nikkei 225 moving above the 39,100 level, following the mixed cues from Wall Street overnight, with gains in some Index heavyweights and technology stocks.

RTTNews | 8 h 55 min atrás

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening flat to higher on Tuesday despite mixed global cues, elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.

RTTNews | 8 h 57 min atrás

Thai Stock Market Called Higher On Tuesday

The Thai stock market on Monday ended the two-day winning streak in which it had picked up more than a dozen points or 0.9 percent. The Stock Exchange of Thailand now sits just beneath the 1,380-point plateau although it's expected to open to the upside on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside.

RTTNews | 9 h 19 min atrás

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