Forex News

Eurozone Manufacturing Activity Posts Slower Contraction

Downturn in the euro area manufacturing activity softened in May as production moved closer to stabilization and orders fell at a slower pace amid the rising business sentiment, final HCOB survey results from S&P Global showed on Monday. The manufacturing Purchasing Managers' Index rose to 47.3 in May from 45.7 in April. The flash estimate was 47.4.
RTTNews | 165 days ago
Bay Street Likely To Open Slightly Higher

Bay Street Likely To Open Slightly Higher

The Canadian market may open with a positive bias Monday morning, but the upside is likely to be limited as investors await the Bank of Canada's interest rate decision this week.
RTTNews | 165 days ago
FTSE 100 Modestly Higher As Factories Return To Growth

FTSE 100 Modestly Higher As Factories Return To Growth

U.K. stocks eked out modest gains on Monday after a survey by S&P Global showed manufacturing in the U.K. increased to 51.2 in May, up from April's 49.1 and marking the highest reading since July 2022.
RTTNews | 165 days ago
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DAX Climbs After PMI Data

DAX Climbs After PMI Data

German stocks advanced on Monday after a survey showed business conditions in the German manufacturing sector steadied further in May.
RTTNews | 165 days ago
Yen Falls Amid Risk Appetite

Yen Falls Amid Risk Appetite

The Japanese yen weakened against other major currencies in the Asian session on Monday amid risk appetite, as investors remain cautiously optimistic on bets the U.S. Fed will likely cut interest rates in September after data showed the U.S. consumer price inflation came in line with estimates in April, while core consumer prices edged up slightly less than expected.
RTTNews | 165 days ago
China Manufacturing Logs Fastest Growth In Nearly 2 Years

China Manufacturing Logs Fastest Growth In Nearly 2 Years

China's manufacturing sector logged the fastest growth in nearly two years in May as production growth accelerated amid rising new orders, final survey results from S&P Global showed on Monday. The Caixin manufacturing Purchasing Managers' Index rose to 51.7 in May from 51.4 in the previous month.
RTTNews | 165 days ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | 165 days ago
European Shares Set To Rise As ECB Rate Cut Looks Certain

European Shares Set To Rise As ECB Rate Cut Looks Certain

European stocks are likely to open higher on Monday after a private survey showed China's manufacturing activity grew more than expected in May - contrasting with an official PMI reading that showed China's manufacturing unexpectedly shrank in the month.
RTTNews | 165 days ago

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