Resume Businesses STOXX 600 set for muted quarter, eyes monthly gains Energy, real estate among top winners US PCE data, Eurozone inflation figures in focus ASML drops the Dutch government’s export restrictions June 30 (Reuters) – European stocks rose on Friday after lackluster data on Chinese manufacturing activity fueled hopes of more policy stimulus as…
BEIJING, June 26 (Reuters) – S&P Global cut its forecast for China’s economic growth this year, highlighting the uneven nature of the country’s reopening recovery, increasing calls for further stimulus. S&P now expects China to deliver GDP growth of 5.2% in 2023, down from a previous estimate of 5.5%. It was the first such cut…
TOKYO, June 14 (Reuters Breakingviews) – The central bank cut the rate on its seven-day reverse repurchase agreement from 2% to 1.9% on Tuesday, a move widely expected given persistent weaknesses in the post-pandemic recovery. The revival in the critical real estate sector appears to have stalled, with house prices falling slightly month-on-month in May…