The manufacturing sector in the Philippines continued to expand in August, and at a steady pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.2. Thats unchanged from the previous month and remains above the boom-or-bust line of 50 that separates expansion from contraction. Underlying data signaled improved...
The manufacturing sector in Japan continued to contract in August, albeit at a slower rate, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 49.8. Thats up from 49.1 in July, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Latest data showed a...
Indian shares opened on a positive note Monday amid optimism over potential U.S. rate cuts and a continued decline in oil prices on prospect of higher OPEC+ supply. The benchmark S&P/BSE Sensex was up 230 points, or 0.3 percent, at 82,595 in early trade while the broader NSE Nifty index was up 58 points, or...
New York-based Fisher-Price Inc., owned by toymaker Mattel, Inc., has called back about 366,200 units of Dumbbell toy sold with Baby Biceps Gift Set citing choking hazard, according to the U.S. Consumer Product Safety Commission. In addition, about 37,850 units were sold in Canada. The recall involves the plastic dumbbell toy sold with the Fisher-Price...
European stocks are likely to open on a mixed note Monday amid the Labour Day holiday in the U.S. Asian stocks traded mixed, with Chinese and Hong Kong markets declining after an official survey showed activity in Chinas manufacturing sector reached a six-month low in August. A private survey revealed Chinas manufacturing activity swung back...
Final factory Purchasing Managers survey results from the euro area and the UK are the top economic news due on Monday. At 3.15 am ET, Spains manufacturing PMI data is due. The index is forecast to rise to 52.1 in August from 51.0 in July. At 3.45 am ET, S&P Global publishes Italys manufacturing PMI...
Unemployment data from Spain is the only major report due on Tuesday, headlining a light day for the European economic news. At 2.30 am ET, the Federal Statistical Office is slated to issue Swiss consumer prices for August. Inflation is forecast to ease to 1.2 percent from 1.3 percent in July. Also, final GDP data...
South Koreas inflation softened notably to the lowest in more than three years in August, adding chances of an interest rate cut as soon as next month. Consumer price inflation softened to 2.0 percent in August from 2.6 percent in July, Statistics Korea reported Tuesday. The rate came in line with expectations and hit the...
European stocks are seen opening little changed on Tuesday in the absence of cues from Wall Street. U.S. index futures signal a negative open ahead of key private sector PMI and labor market data due this week. The ISM Manufacturing and Services PMI figures due later today and on Thursday, respectively could give investors further...
German unemployment increased less than expected in August despite weak economic activity, official data revealed Friday. The number of unemployed persons increased only 2,000 to 2.8 million in August, the Federal Employment Agency reported. Unemployment was forecast to rise 17,000, the same pace of increase as seen in July. The jobless rate stood at 6.0...