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Business activity in the euro area grew in May at the highest pace in the last three months. According to the revised data from IHS Markit, the composite index of activity in the industrial and service sectors was 51.8 points, up from 51.5 points a month earlier. The service sector showed an increase in activity, while in the manufacturing sector its weakening was observed. PMI of the service industry was 52.9 points against the March value of 52.8 points. The increase in activity in the euro area was facilitated by a slight increase in new orders. European companies continued to create new jobs, but at a slower pace. They also reduced the growth of their operating expenses. The increase in selling prices has been minimal since November 2016. Last month, companies began to less confidently assess the prospects for their business in connection with the escalation of trade disputes, the continuing uncertainty around Brexit and political instability in Europe.
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 ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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 ...
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