Philippines Manufacturing PMI Improves In April - S&P Global

RTTNews | 505 days ago
Philippines Manufacturing PMI Improves In April - S&P Global

(RTTNews) - The manufacturing sector in the Philippines accelerated in April, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.2.

That's up from 50.9 in March, and it moved further above the boom-or-bust line of 50 that separates expansion from contraction.

New orders rose further in April and at a quicker pace. The upturn was the fastest recorded since November last year. Export market conditions also improved in April, with new export orders rising for the third month running and at the quickest pace in five months.

Rising inflows of new work supported renewed growth in goods production at Filipino manufacturers. Moreover, the rate of expansion was the most pronounced in four months and solid overall.

read more
Pound Slides As UK Bond Yield Soars

Pound Slides As UK Bond Yield Soars

The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
RTTNews | 38 minutes ago
Sensex, Nifty End Lower On Profit Taking

Sensex, Nifty End Lower On Profit Taking

Indian shares ended lower on Friday, with key benchmark indexes Sensex and Nifty snapping a three-day winning streak that was supported by GST reforms, encouraging progress in India-U.S. trade discussions and the Federal Reserve's first rate cut of the year.
RTTNews | 58 minutes ago
DAX Pares Early Gains, Down Marginally

DAX Pares Early Gains, Down Marginally

German stocks pared early gains and are down in negative territory a little past noon on Friday with investors looking to take some profits after previous session's sharp upmove.
RTTNews | 1h 4min ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 1h 10min ago
Antipodean Currencies Fall Amid Fed Cautious Outlook

Antipodean Currencies Fall Amid Fed Cautious Outlook

The antipodean currencies Australia and the New dollar weakened against their major currencies in the Asian session on Friday, as traders continued to digest the U.S. Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.
RTTNews | 1h 41min ago
UK Budget Shortfall Overshoots Estimate

UK Budget Shortfall Overshoots Estimate

UK government borrowing increased more than expected and also exceeded the official estimate in August, adding pressure on Chancellor Rachel Reeves ahead of the November budget. Public sector net borrowing increased GBP 3.5 billion from the last year to GBP 18.0 billion in August, the Office for National Statistics said Friday.
RTTNews | 2h 19min ago