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The composite business activity index of 19 eurozone countries in July fell to 54.3 points from 54.9 points a month earlier, according to preliminary data of IHS Markit. The July value only slightly exceeded the 18-month minimum reached in May, and became the second minimum since November 2016. The production PMI of the eurozone increased from 54.9 points to 55.1 points. At the same time PMI of the service sector decreased from 55.2 points to 54.4 points. In July, in both sectors, the minimum growth in new orders was registered since October 2016, which indicates that growth in activity may slow again in August. Chief economist at IHS Markit Chris Williamson believes that the “June rebound” growth in activity was temporary.
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 ...
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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