News
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New orders help lift UK services PMI by most since April 2024
UK services PMI rises to 54.2 in August, highest since April 2024Concerns over tax rises persist despite easing U.S. tariff fearsEmployment in services sector falls for 11th consecutive monthBy David Milliken LONDON, Sept 3 (Reuters) - A surge in new business helped Britain's services sector ...Reuters
Wed, Sep 3
Chinese Zara rival Urban Revivo steps up global push with new stores in fashion capitals
Urban Revivo targets 200 overseas stores in five yearsTo launch on Wednesday its second London store this yearProduct development is key challenge in Western marketsBy Casey HallSHANGHAI, Sept 3 (Reuters) - China's Urban Revivo will open a nearly 2,700-square-metre store in London on Wednesday, ...Reuters
Wed, Sep 3
Euro zone economic growth remains sluggish in August, PMI shows
Services growth slows, manufacturing improves, new orders rise slightlySpain leads euro zone business growth, France remains in contractionPrice pressures rise, complicating ECB's inflation outlook September 3 (Reuters) - The euro zone economy kept expanding at a snail's pace in August as...Reuters
Wed, Sep 3
German engineering orders up 4% in July on strong demand from outside euro zone
BERLIN, Sept 3 (Reuters) - German engineering orders rose 4% in July from a year ago, with strong demand from non-euro zone countries offsetting stagnant domestic demand, but overall momentum remains subdued this year, engineering association VDMA said on Wednesday.Domestic orders and those from eur...Reuters
Wed, Sep 3
US JOLTS Job Openings expected to edge slightly lower in July
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Wednesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of Job Openings in July, alongside the number of layoffs and quits.Fxstreet
Wed, Sep 3
Euro zone bonds steady but fiscal jitters persist for long-end
Sept 3 (Reuters) - Long-dated euro zone bonds yields were steady on Wednesday but lingered near multi-year highs as investors continued to fret over the sustainability of government debt levels at the start of a month of seasonally heavy debt supply. Germany's 30-year yield DE30YT=RR was little ...Reuters
Wed, Sep 3
Poland - Factors to Watch September 3
WARSAW, Sept 3 (Reuters) - The following are significant news stories, press reports and events on Wednesday. ALL TIMES GMT (Poland: GMT + 2 hours):POLISH PRESIDENT VISITS THE USAOn Wednesday, Polish President Karol Nawrocki will pay a working visit to the United States, where he will meet with Pres...Reuters
Wed, Sep 3
BoJ’s Ueda: No change to our stance on rate hike
Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that there is no change in stance on raising interest rates. Ueda further stated that he will scrutinise without preconception whether the economy and prices move in line with our forecast,Fxstreet
Wed, Sep 3
U.S. holiday spending set for steepest drop since pandemic, PwC survey shows
Sept 3 (Reuters) - Holiday spending by U.S. consumers is set for its steepest drop since the pandemic as shoppers — particularly Gen Z — pull back amid economic uncertainty, a PricewaterhouseCoopers survey showed. PwC, which polled about 4,000 U.S. consumers between June and July, said shoppers...Reuters
Wed, Sep 3
Indian ministers set to meet on landmark consumer tax overhaul
Federal, state finance ministers to meet on Sept 3 and Sept 4Ministers to decide on lower taxes for more than 400 itemsSet to discuss tax increases on high-end goodsBy Nikunj Ohri NEW DELHI, Sept 3 (Reuters) - Indian state and federal ministers will meet for two days from Wednesday to weigh the b...Reuters
Wed, Sep 3
