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The index of supply managers in the euro area fell in April to 56.2 points from 56.6 points in March, the final data of IHS Markit showed. The April figure was minimal for 13 months. According to IHS Markit/BME, in Germany, the purchasing managers' index in April was 58.1 points, decreased from 58.2 points in March, that showed the lowest value in nine months. In France, in April, there was a stabilization in the growth rate in the manufacturing sector. According to the final data, the PMI index rose to 53.8 points from the March value of 53.7 points, which was the minimum for 12 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 ...
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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
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