Financial News: European Economic News Preview: ECB Policy Decision Due

European Economic News Preview: ECB Policy Decision Due

04/11/2024 - 01:59:00 (RTTNews)

(RTTNews) - The monetary policy announcement from the European Central Bank is the top event due on Thursday. The ECB is widely expected to keep its main refinancing rate unchanged at 4.50 percent today. Markets anticipate the first rate cut in June as policymakers await to see fresh round of staff projections, GDP growth and wage growth figures for the first quarter.

The announcement is due at 8.15 am ET. The ECB Chief holds the press conference at 8.45 am ET.

Other major reports due on Thursday are industrial production from Italy and credit conditions survey results from the Bank of England.

At 2.00 am ET, Statistics Norway is slated to release Norway's monthly GDP data.

Half an hour later, inflation data for March is due from Hungary.

At 4.00 am ET, Italy's statistical office ISTAT publishes industrial output data for February. Production is expected to grow 0.6 percent on month, in contrast to the 1.2 percent decrease in January. At 4.30 am ET, the Bank of England is set to issue credit conditions survey results.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

China Service Sector Growth Moderates In April (26 min(s), 50 sec(s) ago)
(RTTNews) - China's service sector continued to expand in April but the pace of growth moderat ...Full Story»

India's Services Activity Logs Further Strong Expansion (31 min(s), 50 sec(s) ago)
(RTTNews) - India's service sector activity continued to expand sharply in April, as growth in ...Full Story»

European Economic News Preview: Eurozone Final PMI, Investor Confidence Due (01 hr(s), 46 min(s), 50 sec(s) ago)
(RTTNews) - Final composite Purchasing Managers' survey results, investor sentiment and produc ...Full Story»

Hong Kong Private Sector PMI Slips In April - S&P Global (15 min(s), 10 sec(s) ago)
(RTTNews) - The private sector in Hong Kong continued to expand in April, although at a slower pac ...Full Story»

Singapore Private Sector Slows In April - S&P Global (13 min(s), 10 sec(s) ago)
(RTTNews) - The private sector in Singapore continued to expand in April, although at a slower pac ...Full Story»

China Services Sector Ebbs In April - Caixin (11 min(s), 10 sec(s) ago)
(RTTNews) - The services sector in China continued to expand in April, although at a slower pace, ...Full Story»

Indonesia GDP Data Due On Monday (21 min(s), 10 sec(s) ago)
(RTTNews) - Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a ...Full Story»

Norges Bank Keeps Policy Rate Steady At 4.50% (13 min(s), 10 sec(s) ago)
(RTTNews) - The Norwegian central bank maintained its key interest rate for the third straight dec ...Full Story»