European Economic News Preview: Spain Final GDP Data Due
(RTTNews) - Revised quarterly national accounts data from Spain is due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Sweden is slated to issue producer prices for May. Prices had increased 0.9 percent annually in April.
At 3.00 am ET, Spain's INE releases revised GDP and producer prices figures. The preliminary estimate showed that the economy grew at a steady pace of 0.7 percent sequentially in the first quarter.
At 4.00 am ET, unemployment data is due from Poland. The jobless rate is forecast to fall slightly to 5.0 percent in May from 5.1 percent in April.
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U.S. Dollar Slides After PCE Inflation Data
The U.S. dollar declined against its major counterparts in the New York session on Friday, as PCE inflation data came in line with economist estimates in May.
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5h 25min ago
German Unemployment Rises More Than Forecast
Joblessness in German grew more than expected in June and the unemployment rate edged up, preliminary figures from the Federal Labor Agency showed Friday. The seasonally adjusted unemployment grew by 19,000 persons in June following a 25,000 increase in May. Economists had forecast a rise of 15,000.
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5h 26min ago
U.S. Consumer Sentiment Deteriorates Much Less Than Previously Estimated In June
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much less than previously estimated in the month of June. The University of Michigan said the consumer sentiment index for June was upwardly revised to 68.2 from the preliminary reading of 65.6.
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5h 54min ago
Chicago Business Barometer Rebounds Much More Than Expected In June
A report released by MNI Indicators on Friday showed a substantial slowdown in the pace of contraction in Chicago-area business activity in the month of June. MNI Indicators said its Chicago business barometer surged to 47.4 in June from 35.4 in May, although a reading below 50 still indicates contraction. Economists had expected the business barometer to climb to 40.0.
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6h 18min ago
U.S. Consumer Price Inflation Data In Line With Estimates In May
The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations.
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6h 32min ago
Procaps Group Appoints Jose Minski To Succeed Ruben Minski As Executive Chairman
Procaps Group, S.A. (PROC) announced Friday that Ruben Minski has resigned from his role as Executive Chairman of the Board, effective June 30. Minski will continue to serve as a member of the Board of Directors.
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7h 40min ago
U.S. PCE Price Index Unchanged In May, In Line With Estimates
The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates.
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7h 41min ago
Moderna Says CHMP Recommends Marketing Authorization For MRESVIA RSV Vaccine In EU
Moderna, Inc. (MRNA) announced Friday that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending the granting of marketing authorization in the European Union for mRESVIA (mRNA-1345) to protect adults aged 60 years and older from lower respiratory tract disease caused by RSV infection.
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8h 0min ago
