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PMI in the manufacturing sector of the eurozone dropped in September to a minimum for 2 years of 53.2 points from 54.6 points in August, according to IHS Markit. However, the index remained above 50 points, that is, in the zone of business growth. Activity declined throughout the region, with the exception of the Netherlands, where PMI rose to a 3-month high. The growth of activity in the industry in Germany has slowed to a minimum in more than 2 years. Chris Williamson, chief economist at IHS Markit, explains the decline in business activity with concerns about the effects of trade wars, heightened political uncertainty and higher prices. Orders rose at the lowest rate in 25 months.
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
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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