(Reuters) – Activity in Russia’s manufacturing sector grew marginally faster in May, a business survey showed on Monday, propelled by a sharp rise in employment as demand picked up. The sector has now recorded expansion for 25 successive months. The S&P Global Purchasing Managers’ Index (PMI) for Russian manufacturing rose to 54.4 in May from …
Russia’s factory activity continues to expand in May, PMI shows Read More »
(Reuters) -The start of a new month can mean only one thing for investors: time for the all-important monthly U.S. employment report, but also for a likely European Central Bank rate cut, as well as the outcome of India’s marathon general election. Here is a look at what’s happening in markets in the coming week, …
By Md Manzer Hussain (Reuters) – Most stock markets in the Gulf ended higher on Sunday, led by the Saudi index, after a U.S. inflation reading supported expectations of interest rate cuts from the Federal Reserve. Saudi Arabia’s benchmark index rose 1.1% after it hit a more than five-month low on Thursday. The index was …
Saudi leads as Gulf bourses end higher; Egypt extends loss Read More »
LIMA (Reuters) – Peru’s monthly inflation rate slowed for the second month in a row May to 0.09%, bringing annual inflation down to its lowest level in three years, according to data published on Saturday by national statistics agency INEI. On a yearly basis, prices in May slowed to 2%, within the central bank’s target …
Peru inflation eases in May for second straight month Read More »
By Lindsay Dunsmuir (Reuters) -U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity on whether the U.S. central bank will be able to begin cutting interest rates in September. The data suggested the elevated pace of price increases could last longer than expected but …
US inflation up moderately in April, consumer spending weakens Read More »
HONG KONG (Reuters) – Hong Kong’s April retail sales fell 14.7% from a year earlier, partly due to a drop in visitor spending and a surge in outbound trips during the Easter holidays, government data showed on Friday. Sales decreased to HK$29.6 billion ($3.79 billion) in the second consecutive month of decline following a 7% …
Hong Kong April retail sales tumble 14.7% amid changing consumption pattern Read More »
By Ezgi Erkoyun ISTANBUL (Reuters) -Turkey’s economy grew 5.7% in the first quarter, in line with expectations, official data showed on Friday, driven by strong domestic demand. Growth is expected to slow during the rest of the year as the central bank’s aggressive monetary tightening in the face of soaring inflation weighs on economic activity. …
Turkish economy expands 5.7% in first quarter on strong domestic demand Read More »
(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes that consumer spending could give a much-needed boost to Europe’s largest economy. Analysts polled by Reuters had predicted a 0.1% decrease. Year on year, retails sales declined by 0.6% in real terms, the federal statistics …
German retail sales fall more than expected in April Read More »
By Scott Murdoch SYDNEY (Reuters) – Australian fast food chain Guzman y Gomez (GYG) is aiming to raise A$242.5 million ($160.75 million) in a June initial public offering, according to a company statement on Friday, in a deal that would be the country’s largest new share sale in a year. GYG is looking to sell …
Australian fast food chain Guzman y Gomez seeks to raise $161 million in June IPO Read More »
NEW YORK (Reuters) – The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday’s number, Depository Trust & Clearing Corporation (DTCC) showed this morning. Market participants were expecting it to increase to 4.1% after T+1 implementation, from 2.9%, according …
Failed Wall Street trades rate roughly stable under faster settlement Read More »
