- Eurozone factory output highest since April 2018 – PMI survey
- Gold hits new record high
- TikTok reportedly relocating to London as Microsoft confirms acquisition plans
- HSBC steps up 35,000 job cuts amid Covid-19 profit plunge
9.18am BST
The Eurozone Manufacturing #PMI highlighted a return to growth in July (51.8, 47.4 in June) as output and demand continued to recover in line with easing COVID-19 restrictions, although job cutting was again registered. Read more: https://t.co/Ebz5iPT20J pic.twitter.com/wswKPxp9Z4
9.04am BST
In the eurozone as a whole, the manufacturing sector bounced back last month. The PMI from IHS Markit rose to 51.8 in the final reading, better than the flash estimate of 51.1. In June, manufacturing was still shrinking, with a reading of 47.4, below the 50 mark that divides contraction from expansion.
The output sub-index improved to 55.3, the highest since April 2018.
Continue reading…Eurozone factory output highest since April 2018 – PMI surveyGold hits new record highTikTok reportedly relocating to London as Microsoft confirms acquisition plansHSBC steps up 35,000 job cuts amid Covid-19 profit plunge 9.18am BSTThe Eurozone Manufacturing #PMI highlighted a return to growth in July (51.8, 47.4 in June) as output and demand continued to recover in line with easing COVID-19 restrictions, although job cutting was again registered. Read more: https://t.co/Ebz5iPT20J pic.twitter.com/wswKPxp9Z4 9.04am BSTIn the eurozone as a whole, the manufacturing sector bounced back last month. The PMI from IHS Markit rose to 51.8 in the final reading, better than the flash estimate of 51.1. In June, manufacturing was still shrinking, with a reading of 47.4, below the 50 mark that divides contraction from expansion.The output sub-index improved to 55.3, the highest since April 2018. Continue reading…