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China Private Sector Sinks Into Deeper Contraction Amid Covid Scare

China's manufacturing and services sectors weakened the most since early 2020 despite the abrupt abandonment of zero Covid policy in December amid public resistance, as the number of infections rise that prompted several countries to raise alerts and, bring back testing and protective measures. The official manufacturing Purchasing Managers' Index declined to 47.0 in December.
RTTNews | Před 765 dny
European Economic News Preview: Eurozone Final Manufacturing PMI Data Due

European Economic News Preview: Eurozone Final Manufacturing PMI Data Due

Results of the purchasing managers' survey for the manufacturing sector from the euro area and other major Eurozone economies are the top economic news on the opening weekday of the new year. At 3.15 am ET, Purchasing Managers' survey results from Spain are due. The manufacturing PMI is forecast to rise to 46.2 in December from 45.7 in the previous month.
RTTNews | Před 765 dny
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Dollar Loses Ground Against Major Counterparts

Dollar Loses Ground Against Major Counterparts

The U.S. dollar drifted lower against most of its major counterparts on Friday with traders assessing the likely policy stance of global central banks and the impact of higher borrowing costs on economic growth.
RTTNews | Před 767 dny
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland stock market ended notably lower on Friday due to sustained selling at several counters.
RTTNews | Před 767 dny
European Stocks Tumble, End Final Session Of Year On Weak Note

European Stocks Tumble, End Final Session Of Year On Weak Note

European stocks ended the final session of Year 2022 on a very weak note as fears about a recession, worries about rising rates, surging Covid cases in China, and an escalation in Russia-Ukraine tensions all weighed on sentiment and rendered the mood bearish.
RTTNews | Před 767 dny
Chicago Business Barometer Rebounds More Than Expected In December

Chicago Business Barometer Rebounds More Than Expected In December

A report released by MNI Indicators on Friday showed a bigger than expected slowdown in the pace of contraction in Chicago-area business activity in the month of December. MNI Indicators said its Chicago business barometer climbed to 44.9 in December from 37.2 in November, although a reading below 50 still indicates a contraction.
RTTNews | Před 767 dny
Bay Street Seen Opening Lower

Bay Street Seen Opening Lower

The Canadian market is likely to open the final session of Year 2022 on a weak note amid concerns over rising Covid cases in China, and worries about global growth due to rising borrowing costs.
RTTNews | Před 768 dny

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