Tag Archives: European

European Business Expansion Slows, New Orders Fall

Business activity in the eurozone slowed to its lowest point this year, keeping the focus on the European Central Bank as it struggles to overcome economic stagnation in the seventeen nation monetary union. Data firm Markit Economics’ monthly composite purchasing managers’ index, a gauge of activity and sentiment in the manufacturing and service sectors, dropped
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European futures rally on encouraging data from Asia

European indices seen higher on encouraging Chinese, Japanese and US data; Friday’s jobs report provides boost in Asia over night; China records highest trade surplus in more than five years; Japanese GDP sees unexpected upward revision. European indices are expected to start the week on a positive note following the release of some encouraging data
Alfonso-Esparza

Oil Drops on Weaker European Indicators

Brent crude fell to a three-week low on concern a weaker European economy will reduce demand and as Libya’s oil production gained. West Texas Intermediate’s discount to Brent narrowed before weekly inventory data. The European benchmark slipped for a third day. The Euro-region unemployment rate stayed near a record high in April, Luxembourg-based Eurostat reported.
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