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The business activity index in the US manufacturing sector in September was 59.8 points, having decreased from 61.3 points in August, the Institute for Supply Management told. The fall of the index turned out to be more significant than it was expected by analysts, who had predicted it at the level of 60 points. The indicator identifying new orders dropped to 61.8 points from 65.1 points. Only 12 out of 18 manufacturing sectors showed an increase in orders. The employment rate rose to 58.8 points from 58.5 points. Employment growth was also recorded in 12 sectors. It is also reported that growth in construction spending in the country did not reach the forecasts of economists in August, who had expected a rise of 0.4%.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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 ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
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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