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Tesla's China-made EV sales fall 15% y/y in May
BEIJING, June 4 (Reuters) - A decline in Tesla's TSLA.O China-made electric vehicle sales extended to an eighth month in May, as the U.S. automaker's sales woes were compounded by brutal price wars in the world's largest auto market.Deliveries of China-made Model 3 and Model Y vehicles, ...Reuters
Wed, Jun 4
Toronto home sales rise the most in four months on improved affordability
By Fergal SmithTORONTO, June 4 (Reuters) - Greater Toronto Area home sales in May posted their biggest increase in four months, and prices edged higher as homebuyers took advantage of the recent improvement in affordability, Toronto Regional Real Estate Board data showed on Wednesday.Seasonally adju...Reuters
Wed, Jun 4
Tesla's China-made EV sales fall 15% y/y in May
BEIJING, June 4 (Reuters) - U.S. automaker Tesla's TSLA.O China-made electric vehicle sales fell 15% in May from a year earlier to 61,662 vehicles, data from the China Passenger Car Association (CPCA) showed on Wednesday. Deliveries of China-made Model 3 and Model Y vehicles were up 5.5% from th...Reuters
Wed, Jun 4
UK's WH Smith posts Q3 sales rise on strong travel demand
June 4 (Reuters) - British retailer WH Smith SMWH.L on Wednesday reported a 5% rise in total like-for-like revenue for the third quarter, with North America up 2%, driven by travel demand that lifted sales across its product range despite ongoing macroeconomic uncertainties.WHY IT'S IMPORTANTThe...Reuters
Wed, Jun 4
UK services sector returns to growth in May, PMI survey shows
By David Milliken LONDON, June 4 (Reuters) - Britain's services sector returned to tepid growth last month after fears about U.S. President Donald Trump's tariffs caused the sector to shrink in April for the first time in a year and a half, a survey showed on Wednesday.The S&P Global ...Reuters
Wed, Jun 4
German engineering orders drop 6% in April, hit by tariff uncertainty
FRANKFURT, June 4 (Reuters) - German plant and equipment makers saw a 6% drop in orders in May, the VDMA lobby group said on Wednesday, blaming the slump on U.S. President Donald Trump's tariff policies and the resulting market uncertainty.Domestic orders fell in April by 4% and foreign orders b...Reuters
Wed, Jun 4
Euro zone business growth stalls in May as services stumble, PMI shows
LONDON, June 4 (Reuters) - Euro zone business activity barely expanded in May as the dominant services industry contracted for the first time since November, weighed down by falling demand that has plagued the bloc for a year, a survey showed on Wednesday.The HCOB Eurozone Composite Purchasing Manag...Reuters
Wed, Jun 4
Euro zone bond yields edge up from multi-week lows ahead of ECB decision
LONDON, June 4 (Reuters) - Euro zone bond yields rose modestly on Wednesday having fallen the day before as benign inflation data helped solidify expectations for a rate cut from the European Central Bank.Data on Tuesday showed consumer price inflation in the euro area slowed to 1.9% last month from...Reuters
Wed, Jun 4
Sanctions-hit Belarus lauded by Xi as China's true friend
Belarus President Lukashenko visits Beijing amid Western pressureLukashenko re-elected in January in victory rejected as sham by the WestChina's Xi urges sanctions-hit Belarus to resist 'hegemony and bullying'BEIJING, June 4 (Reuters) - Chinese President Xi Jinping praised Belarus as a t...Reuters
Wed, Jun 4
U.S. April JOLTS Job Openings Unexpectedly Rise, Labor Market Recovery Still Uncertain
TradingKey – The U.S. labor market showed unexpected strength in April as the JOLTS job openings data came in higher than expected, offering some relief amid concerns over Trump’s escalated steel and aluminum tariffs. U.S. stock indexes rose on Tuesday. However, the report also highlighted ongoing..TradingKey
Wed, Jun 4
