Chinas Industrial Profits Tumble 18.8 in JanMay

BEIJING, June 28 Reuters Profits at China39;s industrial firms shrank by 18.8 yearonyear in the first five months of 2023, official data showed on Wednesday, as companies wrestled with margin squeezes from softening demand amid a stumbling postCOVID economic recovery. The tumble followed a 20.6 profit fall in the JanuaryApril period, according to data from […]
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Chinas Tumbling Industrial Profits Deepens Economic Gloom

BEIJING, June 28 Reuters Annual profits at China39;s industrial firms extended a doubledigit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering postCOVID economic recovery. The 18.8 yearonyear slump in profits came on top of the 20.6 contraction in JanuaryApril, and added to […]
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German Consumer Morale Set to Cloud over in July

BERLIN, June 28 Reuters German consumer sentiment is set to fall in July due to a decline in economic and income expectations, a GfK institute survey showed on Wednesday. The institute39;s consumer sentiment index dropped to 25.4 heading into July from a slightly revised 24.4 in June, below the expectations of analysts polled by Reuters […]
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Canadian Dollar Retreats from 9Month High, Inflation Cools

Canadian dollar weakens 0.2 against the greenback Touches ninemonth high at 1.3117 Canada39;s annual inflation rate slows to 3.4 CanadaU.S. 2year spread narrows by 10.2 basis points TORONTO, June 27 Reuters The Canadian dollar weakened against its U.S. counterpart on Tuesday as domestic data showed inflation easing to its slowest pace in two years, but […]
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Yen Under Pressure; Aussie Slides as Inflation Slows

SINGAPORE, June 28 Reuters The yen struggled against most major currencies on Wednesday, hovering near a 15year low against the euro as Japanese authorities did not rule out intervention to stem losses, while the Australian dollar dived lower as inflation eased in May. Japanese authorities are under renewed pressure to combat the yen39;s fresh declines driven by […]
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London Stocks Advance at Open; Sage Jumps

FTSE 100 up 0.3, FTSE 250 adds 0.3 June 28 Reuters British equities rose at the open on Wednesday tracking overnight gains on Wall Street, with software company Sage leading advances on the FTSE 100 index. By 0712 GMT, the bluechip FTSE 100 gained 0.3, while the more domestically focussed FTSE 250 midcap index added 0.3. Sage […]
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Europe Shares Rise, US Data Soothes Economic Slowdown Fears

June 28 Reuters European shares climbed on Wednesday after robust U.S. data soothed concerns about a steep economic slowdown, while investors awaited commentary from central bankers at a forum later in the day for further policy direction. The panEuropean STOXX 600 index was up 0.5 by 0810 GMT, tracking Wall Street39;s gains overnight after data showed […]
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