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Top StoriesGerman Business Sentiment Clouds Over but No Sign of Recession – Ifo
Top StoriesItalian Business Confidence Climbs in June, Consumer Morale Tumbles
Top StoriesSpanish Q1 Economic Growth Slows to 0.2% Q/q, 6.3% Y/y, Data Shows
Top StoriesEuro Zone Bond Yields Fall After Business Activity Disappoints
U.S. Recession Fears Darken Outlook for Global Growth
Date: June 23, 2022
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) – Manufacturing growth is slowing from Asia to Europe as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains, while the growing risk of a recession in the United States poses a new threat to the global economy. High prices in the euro zone meant...
European Stocks Skid on Gloomy Business Activity Data, Commodity Weakness
Date: June 23, 2022
By Sruthi Shankar (Reuters) – European shares dropped on Thursday after a survey showed euro zone business activity slowed significantly in June, adding to fears of a sharp economic downturn, while sliding oil and metal prices hit commodity-linked stocks. The continent-wide STOXX 600 index dropped 1%, with miners shedding 2.6% to hit an over six-month...
Euro Zone Business Growth Slumped in June as Price Hikes Bite
Date: June 23, 2022
LONDON (Reuters) – Euro zone business growth has slowed significantly this month – and by much more than expected – as consumers concerned about soaring bills opted to stay at home and defer purchases to save money, a survey showed on Thursday. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge...
French June Business Activity Was Weaker Than Forecast -Flash PMI
Date: June 23, 2022
PARIS (Reuters) – French business activity has grown less quickly than expected in June, a preliminary monthly survey by S&P Global showed, as inflation and disruptions to supplies of goods have weighed on the euro zone’s second-biggest economy. S&P Global added that last weekend’s parliamentary election, in which President Emmanuel Macron lost his absolute majority,...
German Economy Loses Momentum at the End of Q2 – PMI
Date: June 23, 2022
BERLIN (Reuters) – The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second quarter, with falling exports acting as a drag and economic uncertainty and inflation weighing on domestic demand, a preliminary survey showed on Thursday. S&P Global’s flash Purchasing Managers’ Index (PMI) for services fell to 52.4...
Leaping Debt Costs Add to UK Government Borrowing in May
Date: June 23, 2022
By William Schomberg and Andy Bruce LONDON (Reuters) – Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May at 14 billion pounds ($17.14 billion), according to official data published on Thursday. Economists polled by Reuters had a median forecast of 12.0 billion pounds...