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Top StoriesSupport for post-Brexit Trade Rules Grows in Northern Ireland – Poll
Top StoriesGerman Consumer Sentiment Plunges to New Record Low – GfK
InvestingEuropean Fund Managers Set to Go All in on ESG – Survey
Top StoriesGerman Business Sentiment Clouds Over but No Sign of Recession – Ifo
Italian Business Confidence Climbs in June, Consumer Morale Tumbles
Date: June 24, 2022
ROME, June 24 (Reuters) – Morale amongst Italian businesses rose in June across all the main sectors, but consumer morale tumbled during the month, data showed on Friday. National statistics institute ISTAT’s manufacturing confidence index climbed to 110.0 in June from a revised 109.4 in May, higher than a median forecast of 108.5 in a...
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...
Inflation: How It Is Affecting Small Businesses and Their Income
Date: June 21, 2022
By Kathryn Hutchison, Senior Director for Threadsy.com, Inflation is a measure of the rising prices in our economy. Right now, inflation is top of mind because most Americans are paying more than they used to for everyday purchases like food, gas, clothes, childcare and more. Regular necessities have become nowhere near affordable for some low-income households...