Tuesday, November 16, 2010

Europe Economic Preview: U.K. Inflation Data Due

Although this blog is for American Economic news - What affects the world, affects us too.

Europe Economic Preview: U.K. Inflation Data Due: "(RTTNews) - Inflation figures from the U.K. and the eurozone along with economic sentiment data from Germany are due on Tuesday, headlining a moderate day for European economic news.

Eurozone finance ministers are convening for a crucial meeting in Brussels today, with the Irish Republic's perilous fiscal plight expected to top agenda. All times in ET.

Major economic reports released on Monday were mostly negative, with Greece's budget deficit for 2009 sharply revised up to 15.4% of GDP. Subsequently, the country revised its deficit target for this year to 9.4% of output from the previous 7.8%. Elsewhere, Italy's trade deficit rose in September, while the eurozone's trade balance turned to surplus."

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