LONDON (Reuters) – Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances, according to a survey which painted an increasingly gloomy outlook for industry. The downturn was broad-based with surveys published earlier on Monday showing factory activity in all four of the…
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in more than three years in June, with both output and new orders falling, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 40.6 from 43.2 in May,…
ROME (Reuters) – Italy’s manufacturing sector contracted in June at the steepest rate in over three years, a survey showed on Monday, signalling a recession ahead unless buoyant services can prop up the euro zone’s third largest economy. The HCOB Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 43.8, down from 45.9…
By Johan Ahlander KARLSKRONA, Sweden (Reuters) – When Sweden joins NATO, it will help the alliance redress its vulnerability in northwest Europe – the Baltic Sea, a shared waterway with Russia with a bottleneck for access to ports in eight states including Germany. Sweden’s key to keeping the waters navigable in a conflict is its…
By John Revill ZURICH (Reuters) – Swiss inflation dipped to 1.7% in June, the government said on Monday, although economists expect the Swiss National Bank to stay its course and raise interest rates at least one more time. The year-on-year increase in consumer prices reported by the Federal Statistics Office was below the 2.2% rate…
LONDON (Reuters) -The July 4 holiday in the United States may well bring a quiet start to the week for world markets. But don’t bet on it. China and Japan are worried about currency weakness, meaning investors are alert for signs of action from authorities. Australia’s central bank meets and the most closely-watched U.S. economic…
MADRID (Reuters) – Factory activity in Spain contracted for the fourth consecutive month in June even though the spending of European Union rescue funds had a positive effect on capital goods, a survey showed on Monday. The HCOB Purchasing Managers’ Index (PMI) for manufacturing compiled by S&P Global fell to 48.0 from 48.4 in May….
By Yoruk Bahceli (Reuters) – Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. Headline inflation has eased but underlying pressures remain high, keeping central banks hawkish. Canada resumed tightening and Britain and…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. The big question for the day is how will investors greet Tesla’s announcement on Sunday that it delivered a record 466,000 vehicles in the second quarter, topping market estimates of around 445,000. The outperformance may have been due to…
By Benoit Van Overstraeten and Elizabeth Pineau PARIS (Reuters) -The grandmother of the teenager shot dead by police during a traffic stop in a Paris suburb said on Sunday she wanted the nationwide rioting triggered by his killing to end, as France braced for a potential sixth night of unrest. Some 45,000 police were deployed…
