By Fergal Smith TORONTO (Reuters) -Canadian manufacturing activity contracted for a fourth straight month in May as trade uncertainty led to firms shedding workers at the fastest pace since shortly after the start of the COVID-19 pandemic, data on Monday showed. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) edged up to 46.1 in …
Canada factory PMI rises in May but sector remains in contraction Read More »
By Mumal Rathore and Indradip Ghosh BENGALURU (Reuters) – The Bank of Canada will hold interest rates at 2.75% on Wednesday as policymakers await further news on an economy that grew faster than expected last quarter, with at least two more cuts likely this year, according to a majority of economists in a Reuters poll. …
By David Milliken LONDON (Reuters) -The number of mortgages approved by British lenders for house purchase fell more than expected in April to their lowest in over a year as the market adjusted to higher purchase taxes. Earlier government data showed that British house purchases surged in March to take advantage of the final month …
UK mortgage approvals drop to lowest in over a year after tax break ends Read More »
(Reuters) – Greece’s manufacturing sector continued its expansion in May, driven by a solid rise in new orders and accelerated output growth, despite challenges from weak export demand, a survey from S&P Global showed on Monday. The S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI) remained unchanged at 53.2 in May. A PMI above 50 …
Greek manufacturing expands as domestic demand drives growth, PMI shows Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia booked a trade surplus of around $160 million in April, the lowest since April 2020, amid a surge in imports, while the country’s inflation cooled in May, data from the statistics bureau showed on Monday. A Reuters poll of analysts had predicted a surplus of …
Indonesia’s trade surplus shrinks to lowest in 5 years in April Read More »
ROME (Reuters) -Italy’s manufacturing sector showed tentative signs of stabilisation in May, as output rose slightly for the first time in over a year despite continued weakness in new orders, a survey showed on Monday. The HCOB Italy Manufacturing Purchasing Managers’ Index (PMI) edged down marginally to 49.2 in May from 49.3 in April, remaining …
Italy’s ailing manufacturing sector shows signs of stabilisation, PMI shows Read More »
(Reuters) -Polish equities slipped on Monday after nationalist opposition candidate Karol Nawrocki won the second round of the country’s presidential election. According to the data from the electoral commission, Nawrocki secured the presidency with 50.89% of the vote in the second round held on June 1, defeating Rafal Trzaskowski, the liberal Warsaw mayor and an …
Polish stocks fall as eurosceptic Nawrocki elected president Read More »
LONDON (Reuters) -British house prices in May were 3.5% higher than a year earlier, monthly data from mortgage lender Nationwide showed on Monday, after an unexpected 0.5% monthly increase largely reversed a fall in April. Economists polled by Reuters had forecast a 0.1% monthly increase and a 2.9% annual increase. The seasonally adjusted monthly increase …
UK house prices rise 3.5% y/y in May, Nationwide says Read More »
LONDON (Reuters) -U.S. jobs data, a European Central Bank meeting and big global oil producers all vie for investor attention this week. And as a new month begins, court rulings on U.S. President Donald Trump’s tariffs suggest further plot twists to the trade story. Here’s what’s coming up in the week ahead in world markets …
TOKYO (Reuters) – Japan’s factory activity shrank at the slowest pace in five months in May as the decline in new orders eased, but worries over U.S. tariffs have dampened the recovery from an almost year-long contraction, a private-sector survey showed on Monday. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) rose …
Japan factory declines slow in May but tariff worries persist, PMI shows Read More »
