Reuters US Economy

BERLIN (Reuters) – German business morale fell more than expected in June, as rising energy prices and the threat of gas shortages unsettled businesses in Europe’s largest economy, a survey showed on Friday. The Ifo institute said its business climax index dropped to 92.3 following a reading of 93.0 in May, when the closely watched …

German business sentiment clouds over in June Read More »

By Jan Strupczewski BRUSSELS (Reuters) -EU leaders will on Friday discuss how the bloc would cope without Russian gas, and are expected to accuse Moscow of “weaponising” energy via a supply squeeze that Germany warned could partially shut down its industry this winter. A day after celebrations over setting Kiev on the road to membership …

EU plan for life without Russian gas a priority as leaders meet Read More »

(Reuters) -The Spanish economy grew 0.2% in the first quarter of 2022, slowing from a 2.2% growth rate in the last three months of 2021, final official data showed on Friday. On an annual basis the economy expanded 6.3%, after rising 5.5% in the fourth quarter of 2021, statistics agency INE said. The growth rate …

Spanish Q1 economic growth slows to 0.2% q/q, 6.3% y/y, data shows Read More »

By Anthony Esposito and Isabel Woodford MEXICO CITY (Reuters) -The Bank of Mexico on Thursday increased its benchmark interest rate by a record 75 basis points to 7.75%, saying it would hike rates again and by as much if necessary to tame inflation that has surged to double its target. Inflation in the year through …

Mexico central bank makes record rate increase, flags more hikes Read More »

By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve is due to release the results of its annual bank health checks on Thursday. Under the “stress test” exercise, the Fed tests banks’ balance sheets against a hypothetical severe economic downturn, the elements of which change annually. The results dictate how much capital banks need …

Explainer-What’s new with the Fed’s bank stress tests in 2022 Read More »

(Reuters) – U.S. companies borrowed 16% more in May to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday, as firms ramp up production to meet demand. The companies signed up for $9.4 billion in new loans, leases and lines of credit, compared with …

U.S. business borrowing for equipment rises 16% in May – ELFA Read More »

LONDON (Reuters) – Euro zone business growth has slowed significantly this month – and by much more than expected – as consumers concerned about soaring bills opted to stay at home and defer purchases to save money, a survey showed on Thursday. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge …

Euro zone business growth slumped in June as price hikes bite Read More »

BERLIN (Reuters) – The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second quarter, with falling exports acting as a drag and economic uncertainty and inflation weighing on domestic demand, a preliminary survey showed on Thursday. S&P Global’s flash Purchasing Managers’ Index (PMI) for services fell to 52.4 …

German economy loses momentum at the end of Q2 – PMI Read More »

A look at the day ahead in markets from Sujata Rao Indexes based on the views of purchasing managers, essentially the folks who buy products for companies, give a comprehensive indication of the state of an economy. So, with recession worries swirling, advance readings for June, due Thursday across the developed world, have taken on …

Marketmind: What purchasing managers are saying Read More »