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Eurozone Private Sector Stagnates In June
Euro area private sector activity stalled in June amid the deepening downturn in manufacturing and the slowdown in services activity, final data from S&P Global showed on Wednesday. The final HCOB composite output index dropped more-than-estimated to 49.9 in June, as estimated, from 52.8 in May. The flash reading was 50.3.
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Nikola Announces Q2 Battery-electric Truck Deliveries
Nikola Corp. (NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced Wednesday its quarterly deliveries for its battery-electric truck, with wholesale of 45 trucks and retail of 66 trucks in the quarter ended June 30, 2023.
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TETRA Sees Q2 Revenues At High End Of Prior Outlook Range
TETRA Technologies, Inc. (TTI), an energy services and solutions company, announced Wednesday that it expects net income before taxes and discontinued operations and Adjusted EBITDA for the second quarter to be above the guidance range previously provided.
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Yen Advances On China Growth Concerns
The Japanese yen was higher against its major counterparts in the European session on Wednesday, as a slowdown in China's service sector activity raised concerns about a tepid economic recovery in the world's second-largest economy.
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Sensex, Nifty End Choppy Session On Flat Note; Auto Stocks Rally
Indian shares fluctuated before ending little changed on Wednesday as weak service sector activity data from China, Europe and the U.K. added to recession worries.
Closer home, a survey showed growth in India's services sector fell to a three-month low in June.
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European Shares Retreat As Growth Worries Mount
European stocks slipped into the red on Wednesday as investors reacted to disappointing service sector activity data from China and looked ahead to the release of Fed meeting minutes later in the day for directional cues.
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FTSE 100 Drops On Growth Worries
U.K. stocks slipped into the red on Wednesday after a survey showed U.K. private sector continued to grow in June, but at the slowest pace since March.
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CAC 40 Slides On Growth Jitters
French stocks were moving lower on Wednesday after data showed activity in China's services sector grew at the slowest pace in five months in June in a new sign of a weakening economy.
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DAX Declines On China Growth Concerns
German stocks traded lower on Wednesday after a private survey showed China's services activity expanded at the slowest pace in five months in June, adding to worries about a faltering post-pandemic recovery in the world's second-largest economy.
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Asian Shares Decline As China Growth Worries Mount
Asian stocks ended lower on Wednesday after new data showed China's economy continued to struggle in June.
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Singapore Dollar Falls To 2-day Low Against U.S. Dollar
The Singapore dollar weakened against the U.S. dollar in the late Asian session on Wednesday.
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European Economic News Preview: Eurozone Final PMI Data Due
Final composite and services Purchasing Managers' survey results from the euro area and other major European economic news are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial production for May. Economists forecast industrial output to fall 0.2 percent on month, in contrast to the 0.8 percent increase in April.
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European Shares To Drift Lower After Weak China Data
European stocks are set to open lower on Wednesday after a private survey showed growth in China's services industry slowed in June from the previous month, underscoring concerns over a tepid economic recovery in the world's second-largest economy.
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