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The balance of industrial orders of the Confederation of British Industry (CBI) in June rose to a plus 13 points from minus 3 points in May after a sluggish start in 2018. The June figure was the highest since January and much higher than the economists' forecast, which was expected at the level of plus 1 point. The CBI survey showed that the price balance in June fell to the lowest level since July 2017 at plus 13 points, from plus 19 points in May. The indicator of expected results fell to a three-month low of plus 18 points. CBI economist Anna Leach said: “Restoring of orders and returning to production growth show that the lull in production activity may end.”
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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