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UK Service Sector Maintains Strong Growth Momentum

The UK service sector continued to expand at a solid pace in May amid robust rises in output and new business despite mounting inflationary pressures fueled by higher wage costs, survey data from S&P Global revealed Monday. The final Chartered Institute of Procurement & Supply services Purchasing Managers' Index dropped to 55.2 in May from 55.9 in April.
RTTNews | 724 gün önce
Barnes Group To Acquire MB Aerospace

Barnes Group To Acquire MB Aerospace

Aerospace company Barnes Group Inc. (B) announced Monday that it has entered into a definitive agreement to acquire MB Aerospace in deal valued at approximately $740 million. Upon closing of the transaction, MB Aerospace will become part of Barnes Aerospace.
RTTNews | 724 gün önce
Surprise Rebound In German Exports Not Enough To Calm Recession Worries

Surprise Rebound In German Exports Not Enough To Calm Recession Worries

Germany's merchandise exports grew unexpectedly in April led by strong demand from China amid the post-pandemic re-opening, but the rebound was not strong enough to ward off the worries surrounding the biggest euro area economy that slid into a technical recession in the first quarter in the backdrop of persistent high inflation.
RTTNews | 724 gün önce
CIRCOR Int'l To Be Taken Private By KKR In $1.6 Bln All-cash Deal

CIRCOR Int'l To Be Taken Private By KKR In $1.6 Bln All-cash Deal

CIRCOR International, Inc. (CIR) announced Monday that it has entered into a definitive agreement to be acquired by investment funds managed by global investment firm KKR in an all cash transaction valued at approximately $1.6 billion, including the assumption of debt.
RTTNews | 724 gün önce
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FTSE 100 Gains Led By Energy Stocks

FTSE 100 Gains Led By Energy Stocks

U.K. stocks advanced on Monday as higher oil prices lifted energy stocks. Miners also surged after a private survey showed stronger-than-expected growth in China's services sector in May on improved demand.
RTTNews | 724 gün önce
CAC 40 Subdued On Weak Services Data

CAC 40 Subdued On Weak Services Data

French stocks were subdued on Monday after data showed the French services sector lost significant momentum in May after several consecutive months of accelerating growth. The final services PMI came in at 52.5 versus 52.8 preliminary.
RTTNews | 724 gün önce
DAX Holds Steady On Mixed Data

DAX Holds Steady On Mixed Data

German stocks were steady on Monday after U.S. President Joe Biden signed legislation that lifts the nation's debt ceiling.
RTTNews | 724 gün önce
Asian Shares Follow Wall Street Higher As Recession Worries Ease

Asian Shares Follow Wall Street Higher As Recession Worries Ease

Asian stocks advanced on Monday as Friday's resilient U.S. jobs data and the Senate passing the debt ceiling bill helped ease fears of a recession. Encouraging service sector readings from China and Japan also boosted sentiment.
RTTNews | 724 gün önce
Yen Falls Amid Risk Appetite

Yen Falls Amid Risk Appetite

The Japanese yen weakened against other major currencies in the Asian session on Monday, as investor sentiment reacted positively to the resolution of the U.S. debt ceiling crisis after it was signed into law by U.S. President Joe Biden. They also reacted to solid U.S. employment data and easing fears of recession.
RTTNews | 724 gün önce

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