Chinas Factory, Service Sector Activity Skids

Official factory PMI shrinks in Sept, albeit more slowly Private survey reading falls notably from August expansion Official services PMI cools for 1st time since December Expectations on fiscal aid rise to spur growth momentum BEIJING, Sept 30 Reuters China39;s factory activity shrank for a fifth straight month and the services sector slowed sharply in […]
Read More

London Stocks Start Week Lower; Aston Martin Tumbles

FTSE 100, FTSE 250 off 0.1 Sept 30 Reuters The UK shares started the week on a lower note, as gains in commodity stocks were offset by a selloff in Aston Martin, as the carmaker tumbled to the bottom of midcap stocks following a profit warning. Both the FTSE 100 index and the domesticallyfocused FTSE 250 […]
Read More

European Shares Down at Start of DataIntensive Week

Aston Martin falls after warning of lower profit Volkswagen falls on cutting 2024 outlook STOXX 600 down 0.4 Sept 30 Reuters European shares moved lower on Monday as investor caution kicked in at the start of a week packed with a slew of economic data from the region, and the focus turned to comments from […]
Read More

Euro Nudges Higher; China Stimulus Boosts Aussie and kiwi

SINGAPORELONDON, Sept 30 Reuters The euro strengthened on Monday after German inflation data, while commodity currencies rose on hopes for a turnaround in China39;s economy and the Japanese yen steadied as traders reacted to the new prime minister39;s call for a snap election. The dollar, which was hovering near a oneyear low against a basket […]
Read More

Stellantis Issues Profit Warning, Citing Global Markets, Chinese Competition

PARIS, Sept 30 Reuters Stellantis NV on Monday slashed its annual guidance, citing a deterioration in global industry dynamics and Chinese competition on electric vehicles. The FrenchItalian carmaker said sales would be lower than expected in the second half of the year in most regions. The profit warning comes days after Volkswagen cut its annual outlook for the […]
Read More