gdp
Top StoriesNo Sustained Recovery on Horizon for German Economy -Econ Min
Top StoriesGreek EU-harmonised Inflation Rises to 3.5% Y/y in July
Top StoriesAsian Markets Down, Dollar up After Weak China Trade Data
Top StoriesGerman Services Sector Loses momentum-PMI
European Shares Retreat as Factory Activity Falters
Date: August 1, 2023
European shares retreat as factory activity falters By Sruthi Shankar (Reuters) -European stocks slipped on Tuesday, with the German DAX pulling back from record highs as shrinking factory activity in the euro zone and China underscored growing risks to the global economy from rising interest rates. The pan-European STOXX 600 index was down 0.5%, with...
Spain’s Factory Activity Shrinks Again in July on Weak Demand -PMI
Date: August 1, 2023
Spain’s factory activity shrinks again in July on weak demand -PMI MADRID (Reuters) – Factory activity in Spain contracted for the fifth consecutive month in July as domestic and foreign demand for Spanish goods weakened, a survey showed on Tuesday. The HCOB Purchasing Managers’ Index (PMI) for Spanish manufacturing compiled by S&P Global fell to...
Analysis-Dwindling Excess Savings Could Scupper Markets’ Soft-Landing Hopes
Date: July 31, 2023
Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Markets have high hopes for a soft landing for the economy, with bonds and equities rallying. Yet a sharp drawdown in the excess savings created by COVID-19 could be a curve ball that slams into bullish sentiment. The...
Worsening Euro Zone Business Downturn Reignites Recession Fears
Date: July 24, 2023
Worsening euro zone business downturn reignites recession fears By Jonathan Cable LONDON (Reuters) -Euro zone business activity shrank much more than expected in July as demand in the bloc’s dominant services industry declined while factory output fell at the fastest pace since COVID-19 first took hold, a survey showed. The decline was broad-based with the...
UK Firms Grow at Slowest in 6 Months as Rate Hikes Weigh: PMI
Date: July 24, 2023
UK firms grow at slowest in 6 months as rate hikes weigh: PMI (Reuters) – Britain’s private sector is growing at its weakest pace in six months in July as orders for businesses stagnate in the face of rising interest rates and still-high inflation, a survey showed on Monday. The S&P Global/CIPS composite Purchasing Managers’...
Marketmind: Gap Between Asia and World Markets Widens
Date: July 18, 2023
Marketmind: Gap between Asia and world markets widens By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Whatever is driving Wall Street higher – the finishing line of the Fed’s rate-hiking cycle, a falling dollar or strong earnings – it is not really filtering...