Economy

Economy Market News

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NEWS sharecast

UK services PMI slumps to three-year low amid 'lacklustre' conditions

The final reading of the UK services purchasing managers' index was adjusted to 48.8, up slightly from the preliminary estimate of 48.7 but still down on May's print of 49.3.This was the second straight month of declining activity – shown by any figure below the neutral 50-point mark – and the lowe…

ShareCast en_IN
Economy
dow-jones

U.S. Employment Data Disappointed Dollar Bulls — Market Talk

The U.S. nonfarm payrolls report was a "clear disappointment" for the dollar bulls, says Ebury's Matthew Ryan in a note. "All things considered, a rather soft report that supports our call in favor of no rate hikes from the Federal Reserve this year," says the head of market strategy. Fed Chairman…

Dow Jones Newswires en_IN
Economy
dow-jones

U.S. Employment Data Disappointed Dollar Bulls — Market Talk

1037 GMT - The U.S. nonfarm payrolls report was a "clear disappointment" for the dollar bulls, says Ebury's Matthew Ryan in a note. "All things considered, a rather soft report that supports our call in favor of no rate hikes from the Federal Reserve this year," says the head of market strategy. Fe…

Dow Jones Newswires en_IN
EconomyForexindex

Iran’s $300 bln rebuild fund risks a familiar fate

By Afiq Fitri AliasThe United States is again trying to lure foreign capital into Iran. A key part of last month’s ceasefire signed between Washington and Tehran was a $300 billion “reconstruction fund” for the Islamic Republic. The details may differ from a similar push in the wake of the 2015 Joi…

Reuters en_IN
Economy
dpa_afx

Eurozone Private Sector Stabilizes In June

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The euro area private sector stabilized in June after two months of moderate decline, final purchasing managers' survey results published by S&P Global showed Friday.The composite output index registered 50.0 in June compared to 48.5 in May. The flash score was…

dpa-AFX en_IN
Economy