Markets ride on wave of economic optimism and shrug off growing unrest in the US, as China services survey hits 10-year-high 8.02am BST And we are off. 7.42am BST Good morning and welcome to our rolling coverage of the world economy, the financial markets, eurozone and business
Markets are still riding on a wave of economic optimism, boosted by a strong survey of China’s services sector, which hit a near-10-year high last month.The biggest worry remains around Spain and Italy who rely so much on tourism in their services sector, and whose recovery is likely to be slow and painful, as tourists stay away. The recent flash numbers from France, Germany and the UK saw improvements from a record lows in April to 29.4, 31.4 and 27.8 respectively. Continue reading…
Source link : https://www.theguardian.com/business/blog/live/2020/jun/03/global-stocks-and-oil-hit-3-month-highs-on-strong-china-services-and-recovery-hopes-business-live
Publish date : 2020-06-03 07:03:13
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