LONDON, June 3 Reuters Euro zone business growth was robust in May but is at risk of a slowdown from soaring living costs, supply chain disruptions and uncertainty surrounding Russia39;s invasion of Ukraine, a survey showed. SP Global39;s final composite Purchasing Managers39; Index PMI, seen as a good gauge of economic health, fell to 54.8 […]

In May, US companies added 128K new jobs, the ADP showed in its monthly report, indicating a fading recovery. Market analysts, on average, expected a more than double increase. A look inside the report is even more alarming. Very small 119 employees and small companies 2049 employees lost 78K and 14K jobs, respectively. This is […]

ISTANBUL, June 1 Reuters Turkey raised natural gas and power prices on Wednesday and its energy importer blamed a perfect storm in global markets, feeding into an inflationary surge in the country that likely hit a 24year high last month. Turkey imports virtually all of its energy needs, leaving it vulnerable to the big price […]

BERLIN, June 1 Reuters German retail sales fell by more than expected in April as consumers feel the pinch of higher prices, especially for food, and retailers face supply problems from the China lockdowns. The Federal Statistics Office said on Wednesday that retail sales were down 5.4 on the month in real terms. A Reuters […]

LONDON, June 1 Reuters British house prices surged again last month but a slowdown, caused by the worsening costofliving crunch, is likely on the way, mortgage lender Nationwide said on Wednesday. House prices rose by 0.9 monthonmonth in May after a 0.4 rise in April, marking a 10th consecutive month of gains, Nationwide said. A […]

Q1 GDP rises 0.8 vs 0.5 forecast, up 3.3 yy Strong domestic demand tempered by import surge High savings to support spending as rates rise SYDNEY, June 1 Reuters Australia39;s economy held up better than expected in the first quarter as strong domestic demand offset the drag from dismal weather and a flood of imports, […]

DUBLIN, June 1 Reuters Irish manufacturing growth cooled in May as supply issues pushed input costs to a nearrecord high and higher prices dampened client appetite, a survey showed on Wednesday. The AIB SP Global manufacturing Purchasing Managers39; Index PMI fell to 56.4 from 59.1 in April. Any figure above 50.0 indicates an improvement in […]

BENGALURU, June 1 Reuters India39;s factory activity expanded at a betterthanexpected pace last month as overall demand remained resilient despite persistently high inflation, encouraging firms to hire at the fastest rate since January 2020, according to a private survey. The survey comes just a day after official data showed Asia39;s thirdlargest economy expanded at an […]

LONDON, June 1 Reuters British companies expect barely any growth over the next three months, in their gloomiest outlook since February last year, as the costofliving squeeze reduces households39; disposable income, the Confederation of British Industry said on Wednesday. The CBI said the expectations element of its surveys of manufacturers, retailers and other services industries […]

Europe39;s STOXX 600 gives up gains Commodity, tech stocks fall Bond yields continue to rise after euro zone inflation Dollar climbs to twoweek high vs yen Wall Street stocks set for small gains LONDON, June 1 Reuters Global stocks fell and bond yields rose on Wednesday, while the dollar strengthened, as investors fretted over soaring […]