manufacturing
This week, the market focus will be on the manufacturing activities of major global economies, particularly in Europe and the United States. Other influential economic events include the UK inflation data and the Reserve Bank of New Zealand's (RBNZ) interest rate decision, which will provide insights into their respective economic landscapes. Additionally, quarterly earnings from the tech giant Nvidia will be closely watched for clues about the semiconductor industry's trajectory. EuropeBoth France and Germany are set to release their flash manufacturing and services PMIs for May. Manufacturin...
Euronews (English)
Germany’s factory orders were up 0.2% in February, a monthly increase that fell short of experts’ forecasts. A Reuters poll of analysts had estimated an increase of 0.8%, whilst Bloomberg had predicted a jump of 0.7%. According to Germany's official statistics agency, this marginal uptick was driven by increased demand in the machinery and equipment sector (+10.7% on the previous month), and more orders within the chemical (+3.1%) and pharmaceutical (+6.6%) industries. Experts slash economic growth forecast for 'ailing' Germany February’s growth figure comes after a dramatic monthly fall of -1...
Euronews (English)
France's industrial production fell further than expected at the beginning of the year, as the country's economy struggles to return to full strength amid the cost of living crisis. Total production across industries slumped by 1.1% in January compared to the previous month, according to new figures from Insee, France's statistical office. This is after economists surveyed by Bloomberg and the Wall Street Journal had forecast a drop of just 0.1%, as reported by both news outlets. Bogof! No more 'Buy one, get one free': France forbids supermarket mega sales Slower-than-expected inflation declin...
Euronews (English)
Toyota recently issued a recall for about 280,000 vehicles in the US. This was primarily due to a transmission issue which could potentially cause cars to keep moving forwards even when in neutral. The move mainly concerns 2023 and 2024 Toyota Sequoia SUVs, as well as certain Lexus LX 600 SUVs and Toyota Tundra pickups. The owners of the vehicles involved will receive notification of the recall by the end of April this year. According to the company, some parts of the transmission in these models are not instantly disengaging when the vehicles go into neutral gear. This means that engine power...
Euronews (English)
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