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InvestingU.S. Stocks Waver, Crude Plummets as Weak Data Fuels Recession Fears
Top StoriesEuro Zone Factory Activity Contracted in July as Recession Fears Grow
Top StoriesGreek July Factory Activity Slumps, New Orders Fall – PMI
Top StoriesSpanish July Factory Activity Contracts Most Since 2020 lockdown-PMI
Polish Manufacturing Slump Deepens as Output Plunges -PMI
Date: August 1, 2022
WARSAW (Reuters) – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an uncertain economic outlook and high inflation. S&P Global’s Polish Manufacturing Purchasing Managers’ Index (PMI) fell to 42.1 in July from 44.4 in June, below the 50.0 line that separates...
Hungary’s July PMI Rises to 57.8 From 57.0 in June -Publisher
Date: August 1, 2022
BUDAPEST (Reuters) – Hungary’s seasonally-adjusted Purchasing Managers’ Index rose to 57.8 in July from 57.0 in June as most of index components expanded, the Association of Logistics, Purchasing and Inventory Management (MLBKT) said on Monday. It said the July reading came in above the long-term monthly average of 52.3 and also exceeded an average reading...
Wall Street Extends July Rebound, Led by Tech, Energy
Date: July 29, 2022
By Lawrence Delevingne (Reuters) – U.S. stocks extended their July rebound on Friday, with the dollar and some Treasury yields dipping, as traders acted on positive corporate news despite increased labor costs and other inflation indicators. Positive forecasts from Apple Inc and Amazon.com Inc showed resilience https://www.reuters.com/markets/europe/amazon-apple-raise-hopes-investors-brace-slowdown-2022-07-29 in mega-cap companies to survive an economic downturn,...
Dollar Rallies From Three-Week Lows as U.S. Data Shows Pick-Up in Inflation
Date: July 29, 2022
By Gertrude Chavez-Dreyfuss and Saikat Chatterjee NEW YORK/LONDON (Reuters) – The dollar rebounded from a three-week low in choppy trading on Friday, as a round of U.S. economic data suggested that inflation continued its red-hot rise in June, keeping the Federal Reserve on track to raise interest rates as aggressively as it deems necessary. The...
Tight U.S. Labor Market Keeps Upward Pressure on Wages; Inflation Heats Up
Date: July 29, 2022
By Lucia Mutikani WASHINGTON (Reuters) – U.S. labor costs increased strongly in the second quarter as a tight jobs market boosted wage growth, which could keep inflation elevated and give the Federal Reserve cover to continue its aggressive interest rate hikes. Other data on Friday showed consumer spending accelerating in June, though the uptick was...
Russia’s 2022 Inflation Seen at 13.4%, More Rate Cuts to Come: Reuters Poll
Date: July 29, 2022
MOSCOW (Reuters) – Analysts have trimmed their year-end inflation forecasts for Russia and see room for the central bank to continue cutting rates as it tries to blunt the impact of major sanctions, a Reuters poll suggested on Friday. Russia’s economic landscape changed drastically after Moscow sent tens of thousands of troops into Ukraine on...