The services sector in Australia slipped into the red in May, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 48.7.That's down from 50.7 in April and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.Reduced demand, market uncertainty and higher prices due to the war in the Middle East were behind the fall in business activi...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.