There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms…
Euro zone private sector output stands still at 6-year peak in May
In May, euro zone private sector activity was intact, keeping to a six-year peak, as data published on Tuesday unveiled.
The preliminary outcome of the Markit manufacturing purchasing managers’ index was a more than six-year peak of 57.0 this month, compared to April’s result of 56.7.
Financial experts had expected an outcome of 56.5.
The services PMI slumped to a two-month minimum of 56.2 from 56.4, compared to hopes for an intact result.
The composite output index, gauging the combined output of both the manufacturing as well as service sectors, didn’t change, keeping to 56.8, while experts had hoped for 56.6.
By the way, a reading above 50.0 on the index stands for industry expansion, while below hints at contraction.
Meanwhile, the common currency EUR/USD traveled from 1.1252 to 1.1242, ahead of the publication of the data. At the same time EUR/GBP kept to 0.8664,compared to the previous outcome of 0.8663.
Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…
Find out the most important events for this week
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…