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According to the IHS Markit, in June the euro area showed the highest business growth since November 2018. The corresponding composite index was 52.2 points last month. Its value has grown relative to the May level of 51.8 points. In the services sector, the index rose to 53.6 points from 52.9 points. Its rate was the highest since October last year. However, the decline in activity in the manufacturing sector could not be stopped. The main growth driver for the composite index was the continued expansion of new orders. In June, the indicator grew at the fastest pace since November. Employment growth continued in the euro area, where Germany and Ireland became leaders in this indicator. Last month, there was a minimum purchase price increase since September 2016 and a moderate increase in selling prices. The survey data indicated that the growth of the euro area economy in the second quarter was slightly higher than 0.2%.
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 ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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