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Author Archives: Top News Editor

German Factory Orders Recover At Faster Pace

Germany’s factory orders expanded for the first time in five months in May, largely on robust domestic demand. Factory orders grew 2.6 percent month-on-month in May, in contrast to a revised 1.6 percent drop in April, data from Destatis showed ...

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UK Service Sector Growth At 8-Month High

UK service sector activity expanded at the fastest pace in eight months in June on robust new work, raising scope for a near-term rate hike by the Bank of England. The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers’ ...

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Cryptocurrency Daily Roundup – Jul. 3

Bitcoin and its peers failed to sustain the strong upward momentum witnessed at the start of the week and are now in the red. Overall cryptocurrency market capitalization was $269.19 billion on CoinMarketCap as of 10.15 am ET on Tuesday. ...

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U.S. Factory Orders Unexpectedly Rebound In May

New orders for U.S. manufactured goods unexpectedly rebounded in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said factory orders climbed by 0.4 percent in May after falling by a ...

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Eurozone Retail Sales Remain Unchanged In May

Eurozone retail sales remained unchanged in May as rising consumer prices curb consumer spending, official data revealed Tuesday. The increase in food sales was offset by a decline in non-food products turnover, Eurostat reported. Overall sales were expected to gain ...

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