July manufacturing PMI rises to 51.9, with output index climbing to 52.9, the highest since early 2020, despite weak demand. Eurozone manufacturing activity expanded to a three-month high in July, with the final PMI reading at 51.9, slightly below the preliminary 52.0. The
Falling oil prices lift US equity futures after diplomatic progress between Washington and Tehran eases supply concerns. Dow Jones futures climbed 0.54% to 52,920 in European trading on Monday, supported by a decline in oil prices following diplomatic signals between the U
July manufacturing PMI rose to 51.9, with output surging to its strongest level since early 2020, though demand remains fragile. Eurozone manufacturing activity accelerated in July, with the final PMI reading at 51.9, slightly below the preliminary 52.0 but up from June’s
Authorities intervened in FX markets to support the yen, marking the first US-Japan joint action in years amid heavy undervaluation. US and Japanese authorities confirmed joint intervention to strengthen the yen, the first such coordinated effort in years. The move, estima
Japan’s finance minister confirms coordinated yen-buying intervention with the US last Friday, fueling market speculation of further action. The Japanese Yen (JPY) jumped 0.6% against the British Pound (GBP) to around 211.00 in European trading, recovering from early losse
July manufacturing PMI fell to 49.8, marking a third consecutive month of declining new orders and production. France’s manufacturing sector contracted in July as the final PMI reading dropped to 49.8 from a preliminary 50.0 and June’s 51.2. The decline reflects weaker new
July’s reading marks the first contraction in French factory activity since January, missing forecasts as orders and output decline. France’s manufacturing PMI slid to 49.8 in July from 51.2 in June, signaling a contraction in factory activity. The decline fell short of th
French manufacturing activity eased in July France's manufacturing sector slowed down in July, with a final manufacturing PMI of 49.8. The decline was driven by accelerated drops in new orders, production, and purchasing activity. This marks the third conse
Japanese yen-buying interventions push the US Dollar Index down after a three-day rally, reversing early gains. The US Dollar Index (DXY) retreated to near $77.50 during Asian trading, erasing three consecutive sessions of gains. The drop followed reports of Japanese autho
Joint US-Japan currency intervention and softer oil prices weigh on the USD, though Fed rate hike expectations limit losses. The US Dollar Index (DXY) retreated to around $77.50 in early Asian trading Tuesday, reversing three days of gains. The decline follows confirmed jo
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