Reuters US Economy

By Sudip Kar-Gupta PARIS (Reuters) – France’s dominant services sector expanded in July, a survey showed on Wednesday, helped by a pick-up in business from the Olympic Games although the country’s manufacturing sector weakened further. The HCOB flash purchasing managers index for the services sector, compiled by S&P Global, rose to 50.7 points in July …

French services sector grew in July, helped by Olympics, PMI shows Read More »

(Reuters) – Spanish industrial prices fell 3.5% in the 12 months through June, from a revised 4.5% decrease in the 12 months through May, the National Statistics Institute (INE) said on Wednesday. INE revised up the year-on-year May price decline to 4.5% from an initial 4.6%. (Reporting by Joao Manuel Mauricio in Gdansk, editing by …

Spain’s industrial prices fall 3.5% year-on-year in June Read More »

BERLIN (Reuters) – German consumer sentiment is set to recover significantly heading into August as households’ income expectations hit their highest point in over two years due to slightly lower inflation and noticeable wage increases, a survey showed on Wednesday. The consumer sentiment index, published jointly by GfK and the Nuremberg Institute for Market Decisions …

German consumer sentiment recovers significantly in August, finds GfK Read More »

By Mike Dolan LONDON (Reuters) – Corporate planners must have a headache as the U.S. political pendulum swings at its fastest rate since World War Two and the related policy churn may act as a drag on future investment. It’s easy to get blasé about increasingly polarised U.S. politics, and history may be a poor …

Column-US political churn muddies corporate horizon: Mike Dolan Read More »

By David French (Reuters) -Wall Street’s main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the latest earnings from Alphabet and Tesla. The duo kicked off results from the so-called Magnificent Seven stocks after the market closed, with both …

Wall St ends slightly lower with Big Tech earnings on deck Read More »

By Fergal Smith (Reuters) -Canada’s main stock index fell on Tuesday as a drop in oil prices weighed on energy shares, but the move was limited ahead of a potential interest rate cut by the Bank of Canada. The Toronto Stock Exchange’s S&P/TSX composite index ended down 58.9 points, or 0.3%, at 22,813.75, giving back …

Energy sector drags TSX lower head of BoC rate decision Read More »

By David Lawder RIO DE JANEIRO (Reuters) -Group of 20 finance leaders are expected to cheer the growing likelihood of a global economic “soft landing” while warning of the risks from unspecified “wars and escalating conflicts,” according to a draft communique seen by Reuters on Tuesday. The G20 finance ministers and central bank chiefs gathering …

G20 draft communique sees growing chance of global economic ‘soft landing’ Read More »

(Reuters) – U.S. companies borrowed 4% less to finance equipment investments in June than a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. New loans, leases and lines of credit signed up by companies in June were down 2% from $10.20 billion a month ago. ELFA, which reports economic activity …

US business equipment borrowings fall 4% in June, ELFA says Read More »