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In July, the US business activity index fell to the lowest level since August 2017, to 55.7 points from 59.1 points in June, according to the Institute of Supply Management. Economists had expected the index to fall to 58.6 points. The level of new orders in the service sector declined in July to 57 points from 63.2 points a month earlier. The indicator, indicating export orders, dropped to 58 points from 60.5 points. The indicator that determines entrepreneurial activity fell to 56.5 points from 63.9 points. At the same time, the employment indicator rose to 56.1 points from 53.6 points. In July, there was growth in 16 industries and a decrease in two.
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 ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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