European stocks set for muted open; commodities tumble

📆 18/6/2021 5:34 PM
📰 CNBC

⏱ Reading Time:
10 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

European stocks are expected to open flat on Friday, but set to end the week in positive territory following a hawkish pivot from the U.S. Federal Reserve.

On the data front, May's U.K. retail sales fell 1.4% month on month, official statistics revealed Friday, falling short of the 1.6% expansion expected by economists in a Reuters poll. The Office for National Statistics said food stores contributed most prominently to the surprise decline.

Meanwhile, the German Producer Price Index rose 1.5% month on month in May, vastly outstripping the 0.7% consensus forecast. On an annual basis, the PPI was 7.2% against a projection of 6.4%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Dawn Strike by locals of Nat Sin Naung village, LaungLon Tsp in opposition of military dictatorship and demanded for Federal Democracy. June18Coup WhatsHappeningInMyanmar

good luck

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Black Music Action Coalition to Present Its ‘Industry Report Card’ on FridayThe Black Music Action Coalition (BMAC) will present an overview of its inaugural Industry Action Report Card on Friday morning June 18th as part of the National Museum of African American Music&8…
Source: Variety - 🏆 108. / 63 Read more »