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European Shares May Struggle For Direction As Rate Worries Persist

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

European stocks may struggle for direction on Thursday as investors await a slew of U.S. economic data later in day, including reports on weekly jobless claims, retail sales and industrial production, for additional clues about the outlook for interest rates.

Close home, Euro zone trade data, French inflation figures and German wholesale price data are due later in the session.

The Bank of England has delayed its interest-rate decision until next week due to the death of Queen Elizabeth II.

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Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.