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The composite business activity index of 19 eurozone countries rose in June to 54.8 points from 54.1 points in May, driven by growth in services, preliminary data from IHS Markit showed. Analysts had predicted a decline in the index to 53.9 points. In June, the indicator retreated from the 18-month low reached in May, but its value was the second lowest in the last 17 months. At the same time PMI services sector reached a maximum in June for four months, rising from 53.8 points to 55 points. The index of business activity in the manufacturing sector dropped from 55.5 points to 55 points, noting the minimum value for 18 months. In June, there was an acceleration in the growth of new orders after a slowdown in May to a minimum of 1.5 years. The pace of job creation in June was the highest since January this year. The expectation index of the relative future production fell to a minimum in 19 months.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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