MELBOURNE (Reuters) – A downturn in the critical minerals sector that has triggered a wave of job losses in Australia’s top earning resources state has also struck a blow to the country’s hopes to build out a critical minerals processing sector. Top lithium producer Albemarle on Thursday announced around 300 redundancies at its lithium hydroxide …
Western Australian job losses dent Australia’s green ambitions Read More »
LONDON (Reuters) – Euro zone manufacturing activity remained mired in contraction in July amid a broadbased malaise, with output declining at its fastest pace this year, according to a survey which indicated the bloc’s economy was still struggling. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, held at June’s 45.8 …
Euro zone factory activity stuck in a rut, July PMI shows Read More »
By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in July, a survey showed on Thursday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing fell to 43.2 in July from 43.5 in June, above a preliminary …
Downturn in German manufacturing accelerates, PMI shows Read More »
ROME (Reuters) – Italian manufacturing activity contracted for a fourth month running in July but at a slower pace than the month before, a survey showed on Thursday, with both output and new orders falling at softer rates. The HCOB Global Purchasing Managers’ Index (PMI) for manufacturing in the euro zone’s third largest economy edged …
Italian manufacturing eases downturn in July, PMI shows Read More »
By Libby George and Naomi Rovnick LONDON (Reuters) – Venezuela’s contested election is the latest in a blockbuster year that will see nearly half the world head to the polls. Races so far have served as a reminder that voters can still deliver surprises to politicians and markets alike. Here is a selection of the …
Election jolts course through markets as risk returns Read More »
MADRID (Reuters) – Spanish manufacturing activity grew for a fifth consecutive month in July though at a slower pace than the previous month as demand was weaker, a survey showed on Thursday. The HCOB Purchasing Managers’ Index (PMI) for Spain’s manufacturing sector, compiled by S&P Global, stood at 51 in July down from 52.3 in …
Spanish manufacturing expansion slows down in July, PMI shows Read More »
By Iain Withers LONDON (Reuters) – French and German commercial property markets remained in the doldrums as deal volumes tumbled in the second quarter of 2024, while the British market showed signs of rebounding, data published by MSCI Real Assets showed on Thursday. Europe’s commercial real estate sector has been pummeled by soaring debt costs, …
France, Germany property markets flounder as UK rebounds, MSCI data shows Read More »
By Summer Zhen and Nell Mackenzie Hong Kong/London, (Reuters) – Global hedge funds have trimmed their exposure to Chinese equities to the lowest in five years while ramping up investment in Japan, Goldman Sachs said in a note to clients. The retreat highlights investors’ deep-seated concerns about China’s economy. Chinese shares are nearly flat this …
Hedge fund allocations to China hit five-year low Read More »
By Chibuike Oguh NEW YORK (Reuters) – The S&P 500 and Nasdaq scored their biggest daily percentage gains since Feb. 22 and the Dow rose on Wednesday as chip stocks rallied and the Federal Reserve kept U.S. interest rates unchanged while signaling possible easing in September if inflation cools. Seven out of the 11 S&P …
S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals Read More »
(Reuters) – Western Digital Corp forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling a slower-than-expected recovery in the company’s data storage products. The AI boom has helped some memory chipmakers such as Micron technology in the middle of a steep industry downturn, but the demand for chips used in conventional data centers continues …
