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Downturn in German manufacturing may be bottoming out, PMI shows
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Asian factory activity expands in May on robust global demand
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What S&P’s ratings downgrade means for France
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Italian banks must invest more in technology, central bank says
UK supermarket sales set for Euro 2024 fillip, says NIQ
Date: May 31, 2024
UK supermarket sales set for Euro 2024 fillip, says NIQ LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for a boost from the upcoming Euro 2024 soccer championship, according to industry data published on Friday. Market researcher NIQ said sales at...
Euro zone inflation rises in fresh signal for ECB caution
Date: May 31, 2024
Euro zone inflation rises in fresh signal for ECB caution By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank still faces a slow and uncertain journey to reach its goal of fully reining in prices. The bigger-than-expected increase in inflation was unlikely...
Pound heads for best monthly gain of 2024 ahead of US inflation
Date: May 31, 2024
Pound heads for best monthly gain of 2024 ahead of US inflation LONDON (Reuters) – The pound headed on Friday for its best monthly performance against the dollar this year, driven by expectations that the Bank of England may need to keep UK interest rates higher for longer as inflation persists. Data on Friday showed...
Dell shares slump as heavy AI investments expected to dent margin
Date: May 31, 2024
Dell shares slump as heavy AI investments expected to dent margin (Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit. Dell is on track to lose more than $21 billion in market value, if losses hold. The stock has risen...
Dollar slides after US inflation meets expectations in April
Date: May 31, 2024
Dollar slides after US inflation meets expectations in April By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 2024 after data showed that U.S. inflation rose in line with expectations in April. The personal consumption expenditures (PCE) price index increased 0.3%...
Oil set for weekly loss ahead of OPEC+ meeting
Date: May 31, 2024
Oil set for weekly loss ahead of OPEC+ meeting By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group’s output cuts. Brent futures for July delivery were down 32 cents,...