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Euro zone services sector returned to modest growth in June, PMI shows

3 Jul 2025

LONDON (Reuters) -Growth in the euro zone’s dominant services industry resumed in June after a brief contraction in May, though the pace remained marginal as demand remained weak despite improving business confidence, a survey showed on Thursday. The HCOB Eurozone Services Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 50.5 in June from …

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France’s services sector shows signs of stabilising – final PMI

3 Jul 2025

(Refiles to remove extraneous letters at start of first paragraph) PARIS (Reuters) -France’s services sector showed signs of stabilising in June, with the pace of contraction in business activity reaching its slowest rate in nine months, a survey by S&P Global showed on Thursday. The HCOB France Services final PMI for June rose to 49.6 …

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Saudi Arabia’s non-oil sector growth quickens in June on strong demand, PMI shows

3 Jul 2025

(Corrects first paragraph to say June, not May) ABU DHABI(Reuters) -The expansion in Saudi Arabia’s non-oil private sector activity accelerated in June, driven by robust client demand and a surge in hiring, a survey showed on Thursday. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) rose to a three-month high of 57.2 …

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BOJ policymaker calls for resuming rate hikes after temporary pause

3 Jul 2025

By Leika Kihara and Takahiko Wada TOKYO/TSU, Japan (Reuters) -The Bank of Japan should resume interest rate hikes following a temporary pause to evaluate the impact of U.S. tariffs, board member Hajime Takata said, signalling optimism the country was on track to durably achieve the central bank’s price goal. Takata said Japan was close to …

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Asian multi-strategy hedge funds Dymon and Pinpoint end first-half strong

3 Jul 2025

By Summer Zhen HONG KONG (Reuters) -Two of Asia’s largest multi-strategy hedge funds had another strong month in June and ended the first half on a high note, as equity markets roared back after shaking off trade war fears. Singapore’s Dymon Asia Capital’s flagship multi-strategy fund, which manages more than $3 billion in assets, finished …

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UAE non-oil sector grows steadily, regional tensions weigh on demand -PMI

3 Jul 2025

ABU DHABI (Reuters) -The UAE’s non-oil private sector grew steadily in June even as regional tensions weighed on demand, and firms ramped up output to tackle backlogs, a survey showed on Thursday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) edged up to 53.5 in June from 53.3 in May, signalling continued growth …

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Investors mobilise for weeks of market whiplash from wild-card events

3 Jul 2025

By Naomi Rovnick and Lucy Raitano LONDON (Reuters) -Big investors are mobilising to trade through weeks packed with wild-card events that may shatter the calm in stock markets and drive big swings for assets they see as exposed to both positive or negative surprises, from gold to corporate credit. U.S. Treasuries, the dollar, yen and …

Investors mobilise for weeks of market whiplash from wild-card events Read More »

China’s services activity growth hits 9-month low in June, shows Caixin PMI

3 Jul 2025

By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s services activity expanded at the slowest pace in nine months in June, as demand weakened and new export orders declined amid a fragile trade truce with the United States, a private-sector survey showed on Thursday. The Caixin/S&P Global services purchasing managers’ index (PMI), fell to 50.6 …

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Japan’s service activity growth picks up in June, PMI shows

3 Jul 2025

TOKYO (Reuters) -Japan’s service sector activity expanded at a slightly faster pace in June, with business confidence improving to a four-month high, a private sector survey showed on Thursday. The final au Jibun Bank Japan Services purchasing managers’ index (PMI) rose to 51.7 in June from 51.0 in May, topping the flash figure of 51.5 …

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S&P 500, Nasdaq close on record high on Vietnam trade deal, tech stocks

3 Jul 2025

By Sabrina Valle NEW YORK (Reuters) -The S&P 500 and Nasdaq closed at record highs on Wednesday, boosted by gains in technology stocks and a trade agreement between the U.S. and Vietnam that eased concerns over prolonged trade tensions. The Dow Jones Industrial Average closed slightly lower but remained within 1.18% of its December 4 …

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