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European Economics Preview: Germany Producer Price Data Due
(RTTNews) - Producer prices data from Germany is due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is set to issue Germany's producer prices for May. Producer price inflation is expected to remain unchanged at 33.5 percent.
At 4.00 am ET, Greece current account data is due for April. The deficit totaled EUR 2.33 billion in March.
At 5.00 am ET, Eurostat is scheduled to release eurozone construction output data for April. Production had increased 3.3 percent annually in March.
At 9.00 am ET, European Central Bank President Christine Lagarde is set to give introductory statement before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium.
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Australian Market Slightly Lower
The Australian market is trading slightly lower on Thursday, snapping a five-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,100 level, with slight weakness across most sectors led by mining and energy stocks. Some gold stocks were gaining.
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32 minutes ago
Little Movement Seen For Japan Stock Market
The Japanese stock market has finished higher in five straight sessions, rallying almost 1,850 points or 5 percent along the way. The Nikkei 225 now sits just beneath the 36,050-point plateau and it's likely to hold steady in that neighborhood again on Thursday.
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2h 24min ago
Japan Rate Decision On Tap For Thursday
The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to leave its benchmark lending rate unchanged at 0.50 percent.
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3h 24min ago
Canadian Dollar Extends Gain Against Majors
The Canadian dollar extended gains against its major counterparts in the New York session on Wednesday.
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5h 11min ago
Pound Falls Against Most Majors
The pound weakened against its most major counterparts in the New York session on Wednesday.
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6h 40min ago
Swiss Market Ends On Positive Note
The Switzerland market, which held firm till well past noon on Wednesday after a steady start, suffered a setback in the final hour, but managed to recover in the closing minutes to sign off on a positive note. Easing worries about tariffs and some strong results helped underpin sentiment.
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7h 45min ago
Major European Markets Close Higher As Investors React To Earnings, Economic Data
The major European markets closed higher on Wednesday amid easing trade tensions, and on largely encouraging quarterly results from several big name companies.
Investors also digested a slew of regional economic data, and U.S. GDP report.
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8h 14min ago
TSX Down Nearly 1% Despite Coming Off Early Lows
Despite staging a fairly strong recovery after an early setback, the Canadian market remains firmly down in negative territory a little past noon on Wednesday, with stocks from energy, technology and healthcare sectors reeling under selling pressure.
Disappointing Canadian and U.S. GDP data, and Trump administration's policy uncertainty are weighing on sentiment.
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8h 58min ago
