LONDON, July 3 Reuters The pace of decline in Britain39;s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a survey showed on Monday. The SP GlobalCIPS UK Manufacturing Purchasing Managers39; Index PMI fell to 46.5 from 47.1 in May, its lowest reading this year and one of the weakest since the […]

July 3 Reuters Morgan Stanley on Friday raised its forecast for the European Central Bank39;s ECB terminal rate to 4 after June inflation data for the euro zone showed only the smallest drop in underlying inflation. The bank previously expected ECB39;s main interest rate would peak at 3.75, following an expected 25 basis points hike in […]

HONG KONG, July 3 Reuters Hong Kong39;s May retail sales rose 18.4 from a year earlier thanks to the revival of inbound tourism and positive consumption sentiment, government data showed on Monday. Sales increased to HK34.5 billion 4.40 billion, marking a sixth consecutive month of growth. That compared with a revised 14.9 rise in April. […]

Factory activity slumps in Japan, South Korea Most emerging Asian nations see activity contract Surveys highlight gloom spreading from weak China growth China39;s June Caixin PMI expands marginally TOKYO, July 3 Reuters Asia39;s factory activity slumped in June, business surveys showed on Monday, as sluggish demand in China and advanced nations clouded the outlook for […]