European Economics Preview: UK Inflation, Germany GDP Data Due
Inflation from the UK and annual GDP data from Germany are due on Wednesday, headlining a busy day for the European economic news.
At 2.45 am ET, France’s Insee is slated to release final inflation data for December. Consumer price inflation is seen at 1.4 percent, unchanged from flash estimate.
At 3.00 am ET, final CPI data is due from Spain. Inflation is forecast to match the preliminary estimate of 0.8 percent in December. Austria’s consumer price data is also due at 3.00 am ET.
At 4.00 am ET, Germany’s GDP data for 2019 is due. The largest euro area economy is forecast to expand 0.6 percent versus 1.5 percent in 2018.
At 4.30 am ET, the Office for National Statistics releases UK consumer and producer prices for December. Consumer price inflation is expected to remain unchanged at 1.5 percent.
Economists forecast output price inflation to double to 1 percent in December from 0.5 percent in November. At the same time, input prices are expected to fall 0.9 percent annually, following a 2.7 percent drop a month ago.
At 5.00 am ET, Eurostat publishes euro area industrial production and foreign trade data. Industrial output is seen rising 0.3 percent on month in November, in contrast to a 0.5 percent fall in October.
The euro area trade surplus is expected to fall to a seasonally adjusted EUR 22 billion in November from EUR 24.5 billion in October.
Novavax shares jump 60% in premarket trading
Shares of Novavax Inc. NVAX, +45.47% rallied 60% in premarket trading on Tuesday on heavy volume. The biotechnology company is developing vaccines, such as NanoFlu, its experimental season flu vaccine that is in late-stage clinical trials. Novavax said last week that it had received a fast-track designation from the Food and Drug Administration, an announcement that pushed up shares by 20%. Investors are paying close attention to the spread of a new coronavirus in Wuhan City, China. The company’s stock is down 86% over the last 52 weeks, while the S&P 500 SPX, +0.00% has gained 26%.
New Lebanon government to be announced tonight – political sources
BEIRUT, Jan 21 (Reuters) – A new Lebanese government is set to be announced on Tuesday and designated Prime Minister Hassan Diab is headed to meet with President Michel Aoun, official political sources said.
Parliament Speaker Nabih Berri will also go to the Baabda presidential palace on Tuesday night, the sources said. (Reporting by Ellen Francis Editing by Ghaida Ghantous)
56-year-old dead after snowmobile crash near Lunenburg, N.S.
A 56-year-old man has died after a single-vehicle crash in Nova Scotia’s Lunenburg County.
Police say the crash occurred at 8:40 p.m. on Monday on New Russel Road in New Russel, N.S.
Officers believe the snowmobile left the road, struck some trees and the driver was thrown from his machine. He died at the scene.
The driver was alone on the snowmobile at the time of the crash, police said.
An RCMP Collision Analyst was called to the scene and the investigation into the crash is ongoing.
Missing teen last seen near Health Sciences Centre in Winnipeg
Winnipeg police are asking for the public’s help tracking down a missing teen.
Anakesha Thomas, 14, was last seen Jan. 15 near the Health Sciences Centre.
Police say Thomas last updated social media two days later.
Thomas is 5’4” tall, 120 lbs, with a small build and brown hair just past her ears. She is believed to currently have dyed orange hair.
Police are asking anyone with information on her whereabouts to call the Missing Persons Unit at 204-986-6250.
Diplomat Nassif Hitti to be named Lebanon foreign minister: sources
BEIRUT (Reuters) – A former Lebanese ambassador to the Arab League, Nassif Hitti, is set to be named foreign minister in the new government, two senior political sources told Reuters on Tuesday.
Lebanon’s new government will be announced later on Tuesday, political sources and local media said, after Hezbollah and its allies clinched a deal on a cabinet that must tackle a deep economic crisis.
Trump’s impeachment trial kicks off: live blog
President Donald Trump’s impeachment trial in the Senate is starting in earnest on Tuesday, with Democrats and Republicans expected to battle over the ground rules for the proceedings.
Senate Majority Leader Mitch McConnell, the Kentucky Republican, has proposed a condensed calendar for the trial, raising objections from top Democratic lawmakers such as Senate Minority Leader Chuck Schumer.
Follow along with MarketWatch for a live blog of Tuesday’s action.
The trial began Thursday but just featured some preliminary formalities on that day.
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And read: McConnell calls for two 12-hour days of opening arguments per side in Trump impeachment trial | House outlines impeachment case, Trump team has fiery answer | White House suggests memos from Justice Department support flouting of House subpoenas
‘The Crow’, ‘I, Robot’ & ‘Gods Of Egypt’ Director Alex Proyas Signs With Gersh
EXCLUSIVE: The Crow, I, Robot and Gods Of Egypt director Alex Proyas has signed with Gersh.
Sydney-based Proyas, also well known for movies Dark City, Garage Days and Knowing, started out as a music video director working with artists including Crowded House, Fleetwood Mac, Sting, James Reyne and INXS.
The Australian filmmaker is currently working on two projects: The New Country, a “sci-fi rock opera” with producer Brad Fischer; and The Unpleasant Profession of Jonathan Hoag, a sci-fi film noir with producer Mike Medavoy.
The New Country is a time travel story set in a desert in “a very rare 1982”. The Medavoy project is a long-gestating movie once set up with Red Granite. It’s based on the 1942 novella by iconic science fiction author Robert Heinlein. The novella was a favorite of Proyas’s from a young age and served as the inspiration for his Dark City.
Proyas, who has been developing his own sound-proofed studio in Sydney, is also represented by Craig Emanuel at Paul Hastings.