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In October, the composite index of business activity in the eurozone fell to 52.7 points from 54.1 points in September, preliminary data from IHS Markit showed. Business activity in October grew at the lowest rate in over two years. The index in the service sector fell to a minimum over 2 years of 53.3 points from 54.7 points a month earlier. PMI in the manufacturing sector was the lowest in 26 months, lowering its value to 52.1 points from 53.2 points. This situation is caused by a reduction in exports amid trade wars. Expectations for growth prospects have fallen to a minimum since November 2014. A significant drop in optimism was observed both in the manufacturing industry and in the service sector. New orders have slowed growth to a minimum since August 2016. The reduction in new export orders was recorded for the first time since June 2013.
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 ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
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 ...
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