Final manufacturing PMI fell to 50.1, missing the 51.4 preliminary reading and signaling stagnation in Europe's largest economy. Germany’s final manufacturing PMI for May dropped to 50.1, below the preliminary estimate of 51.4, indicating weaker-than-expected factory activ
The final reading signals a slower contraction in factory activity, though still below the 50 expansion threshold. France’s final manufacturing PMI for May was revised upward to 49.7 from a preliminary 48.9, indicating a softer contraction in factory activity. The index re
May’s reading signals expansion for the sector, exceeding expectations and marking a rise from prior months. Italy’s manufacturing Purchasing Managers’ Index rose to 52.9 in May, surpassing the 51.9 forecast and indicating continued sector growth. The figure reflects impro
May’s reading signals expansion for the sector, exceeding expectations and marking a rise from prior months. Italy’s manufacturing Purchasing Managers’ Index rose to 52.9 in May, surpassing the 51.9 forecast and indicating continued sector growth. The figure reflects impro
The British pound rises to a one-month peak against the yen but holds below 215.00 amid risks of Japanese currency intervention. The GBP/JPY cross climbed to a one-month high during early European trading, driven by follow-through buying at the start of the week. However,
Weaker JPY and softer UK inflation data lift the cross, though BoE caution and potential Japanese intervention limit gains. The GBP/JPY cross rose to a one-month high in early European trading but remained below the 215.00 level amid concerns over potential Japanese curren
EU weighs temporary freeze on Russian oil price cap The European Union is considering a temporary freeze on its price cap for Russian oil due to the ongoing Iran war. The price cap is typically set every two months, but the current situation may require an adjustme
Manufacturing and services PMIs, eurozone inflation, U.S. jobs data, and FOMC remarks will drive investor focus next week. The week kicks off with manufacturing PMI releases for the eurozone, U.K., and U.S. on Monday, followed by eurozone core CPI flash estimates and U.S.
Manufacturing and services PMIs, eurozone inflation, U.S. jobs data, and FOMC remarks will drive investor focus next week. The week kicks off with manufacturing PMI releases for the eurozone, U.K., and U.S. on Monday, followed by eurozone core CPI flash estimates and U.S.
State-owned refiners freeze prices following an 8.6% April increase amid tighter supply and airline pressure. Indian state-owned refiners have frozen domestic jet fuel prices after airlines requested relief from recent hikes. The move follows an 8.6% price increase in Apri
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