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Top StoriesFrench Service Sector Growth Weakened in May – Final PMI
Top StoriesItaly May Service Sector Growth Eases Slightly – PMI
Top StoriesSpain’s Services Activity Slows in May, Though Jobs Rise -PMI
Top StoriesUkraine’s Zelenskiy Eyes ‘inflection Point’ in War as Russia Tightens Grip on Key Target
Russia Tightens Grip on Ukrainian Factory City, Decries U.S. Rocket Supplies
Date: June 2, 2022
By Pavel Polityuk and Max Hunder KYIV (Reuters) – Russian forces tightened their grip on an industrial Ukrainian city as they battle for control of the eastern Donbas region and targeted rail links used to ferry in weapons from Kyiv’s Western allies as the war approaches its 100th day on Friday. Russia has accused the...
Spain’s Jobless Fall Below 3 Million in May, Lowest Since 2008
Date: June 2, 2022
MADRID (Reuters) -Spain’s jobless number dropped below 3 million in May for the first time since early in the 2008/09 global financial crisis, as the economy’s recovery from the impact of COVID-19 boosted hirings and pushed many workers out of the shadow economy. The number of people registering as jobless fell 3.29% from April, leaving...
European Shares Rise After Two-Day Decline, Data in Focus
Date: June 2, 2022
By Susan Mathew (Reuters) – European shares bounced on Thursday, led by industrial and luxury names, with gains limited by a slide in energy stocks and lingering worries over slowing economic growth. The pan-European STOXX 600 index rose 0.4% after losing nearly 2% over the last two sessions, with markets keeping a close watch on...
Poland to Become ‘economic Hub’ for Ukraine, Says PM
Date: June 1, 2022
WARSAW (Reuters) – Poland stands to get an economic boost from agreements to help Ukraine, the prime minister said on Wednesday, as he opened temporary housing funded and built by Warsaw in a town that was largely destroyed during the war with Russia. The country stands to benefit from possible agreements to re-export Ukrainian grain,...
UK Manufacturing Growth Hits 16-month Low in May -PMI
Date: June 1, 2022
By Andy Bruce LONDON (Reuters) -British manufacturing activity expanded in May at the weakest rate since January 2021, as producers of consumer goods struggled against a worsening cost-of-living crunch, a survey showed on Wednesday. The final estimate of the S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) fell to 54.6 in May from 55.8 in...
European Shares Slip as Weak Economic Data Heightens Growth Worries
Date: June 1, 2022
By Susan Mathew (Reuters) -European shares gave up early gains on Wednesday as weak German retail sales and slowing factory activity in the euro zone fanned worries about economic growth amid record high inflation. The pan-European STOXX 600 index was down 0.3%, after gaining as much as 0.4% in early trading. The benchmark shed 1.6%...