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Eurozone Sentix Investor Confidence Weakest Since 2020

Eurozone investor confidence deteriorated to the lowest in more than two years in September signaling that the recession is deepening, survey results from the behavioral research institute Sentix showed Monday. The investor confidence index declined to -31.8 in September from -25.2 in August. This was the lowest value since May 2020 and weaker than economists' forecast of -27.5.
RTTNews | vor 1092 Tagen
UK Service Sector Growth Softens In August

UK Service Sector Growth Softens In August

The UK service sector expanded at the slowest pace in the current 18-month sequence of growth amid escalating economic uncertainty and concerns about high inflation, final data from S&P Global showed Monday. The Chartered Institute of Procurement and Supply final services Purchasing Managers' Index posted 50.9 in August, down from 52.6 in the previous month. The score was well below the flash 52
RTTNews | vor 1092 Tagen
Eurozone Private Sector Moves Further Into Contraction Zone

Eurozone Private Sector Moves Further Into Contraction Zone

The euro area private sector contracted for the second straight month as the service sector joined manufacturing in recording output fall in August, final data from S&P Global showed on Monday. The final composite output index fell to an 18-month low of 48.9 in August from 49.9 in the previous month. The flash score was 49.2. A reading below 50.0 indicates contraction.
RTTNews | vor 1092 Tagen
Indian Shares Defy Weak Global Cues

Indian Shares Defy Weak Global Cues

Indian shares ended notably higher on Monday despite weak global cues as a result of the Europe's increasing energy crisis.
RTTNews | vor 1092 Tagen
European Shares Retreat As Gas Prices Surge

European Shares Retreat As Gas Prices Surge

European stocks tumbled on Monday after Russia extended a halt on gas flows through a major pipeline to Europe, sparking further fears of energy rationing in the region as winter approaches.
RTTNews | vor 1092 Tagen
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DAX Slumps Amid Energy Woes; Utilities Drag

DAX Slumps Amid Energy Woes; Utilities Drag

German stocks plummeted on Monday as Russia extended a halt on gas flows on a major pipeline to Europe, sparking further fears of energy rationing in the region as winter approaches.
RTTNews | vor 1092 Tagen
Asian Shares Mixed On China COVID Woes

Asian Shares Mixed On China COVID Woes

Asian stocks ended mixed on Monday as U.S. rate hike worries persisted, and China tightened COVID-19 curbs in some big cities.
RTTNews | vor 1092 Tagen
China Service Sector Continues To Expand In August

China Service Sector Continues To Expand In August

China's services companies continued to recover in August from the recent wave of the pandemic underpinned by strong sales, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index came in at 55.0, down from 55.5 in July. A score above 50.0 indicates expansion. Moreover, the rate of expansion was the second-quickest recorded since May 2021.
RTTNews | vor 1092 Tagen
European Economics Preview: Eurozone Retail Sales, Final PMI Data Due

European Economics Preview: Eurozone Retail Sales, Final PMI Data Due

Retail sales and final composite Purchasing Managers' survey results from Eurozone are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, the State Secretariat for Economic Affairs releases Swiss GDP data for the second quarter. Economists forecast the economy to grow 0.4 percent sequentially, slightly slower than the 0.5 percent increase in the first quarter.
RTTNews | vor 1092 Tagen

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