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European Economic News Preview: ECB Bulletin Due
(RTTNews) - The economic bulletin from the European Central Bank is the only major data due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Norway releases GDP data for November. The Mainland-Norway is forecast to grow 0.2 percent on month, after staying flat in October.
In the meantime, retail sales data for November is due from Turkey.
At 3.00 am ET, the Czech Statistical Office is slated to issue retail sales for November. Sales had decreased 1.8 percent on month in October.
At 4.00 am ET, the European Central Bank publishes economic bulletin.
At 5.00 am ET, Greece consumer price inflation data is due.
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Australia Data Due On Friday
Australia will on Friday release Q1 figures for producer prices and March numbers for retail sales, highlighting a busy day for Asia-Pacific economic activity.
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15 minutes ago
Pound Rises Against Most Majors
The pound firmed against its most major counterparts in the New York session on Thursday.
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4h 22min ago
UK Market Ends Slightly Up
On a day in which most of the markets across Europe remained closed for Labor Day holiday, the UK market, where trading was on, ended marginally up on Thursday, extending its gains to a 13th straight session.
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5h 17min ago
Canadian Market Retreats After Recovering From Early Drop
The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside.
The mood in the market is quite cautious amid concerns about global economic growth.
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5h 58min ago
U.S. Construction Spending Unexpectedly Falls 0.5% In March
Construction spending in the U.S. unexpectedly decreased in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said construction spending fell by 0.5 percent to an annual rate of $2.196 trillion in March after climbing by 0.6 percent to a revised rate of $2.207 trillion in February.
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7h 42min ago
U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April
The Institute for Supply Management released a report on Thursday showing a slight decrease by its reading on U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.
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7h 54min ago
U.S. Jobless Claims Rise Much More Than Expected To Two-Month High
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week's revised level of 223,000.
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8h 6min ago
FTSE 100 Down Marginally; Endeavour Mining Rises On Strong Earnings
The U.K. market is down marginally Thursday afternoon with investors digesting the latest batch of economic data and earnings updates, and continuing to monitor the developments on the trade front.
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9h 38min ago
