Tag Archives: dips

Global business confidence dips to multi-year low: Worrisome but hardly shocking

The global economy continues to lose steam with the rate of expansion easing to a near three-year low in May. The JP Morgan Global Composite Output Index, published by IHS Markit, fell from 52.1 in April to 51.2 in May. Output growth at service providers was the weakest since August 2016, while the trend in manufacturing production was near… Read More »

Dollar dips from two-week high, stocks in the red

The dollar fell on Wednesday, succumbing to a bout of profit-taking after hitting a two-week high the previous day, while European stocks also put a positive start to the week behind them to trade in the red. Weak corporate earnings weighed on stocks, as Germany’s DAX .GDAXI snapped a four-day winning streak and the broader FTSEuroFirst 300 index… Read More »