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The private sector of the euro area in June showed the fastest growth in the last 7 months due to the rise in the services sector. According to preliminary data from Markit Economics, the composite index of business activity in the industrial and service sectors of the euro area was 52.1 points, rising from the May value of 51.8 points. Economists had not expected a change in May. The service sector recorded an increase in business activity to 53.4 points from 52.9 points, exceeding the growth predicted by experts to 53 points. At the same time, the growth of the index in the industry of the euro area to 47.8 points from 47.7 points a month earlier did not meet market expectations. Economists had predicted the index at 48 points. Chris Williamson, IHS Markit Chief Economist, pointed out that weak business expenses, investments and moods were caused by concerns about the growing geopolitical risks and the consequences of trade wars.
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 ...
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 ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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