New Zealand commodity prices continued to fall in May but the pace of decline slowed notably from April, data from the ANZ showed Thursday.
The ANZ commodity price index dropped 0.1 percent on month, slower than the 1.1 percent decrease seen in April.
On a yearly basis, commodity prices decreased...
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The interest rate announcement from the European Central Bank is due on Thursday, headlining a light day for the European economic news. The ECB is expected to leave its key interest rate, which is the rate on the main refinancing operations, at a record low zero percent. However, economists expect the bank to boost its stimulus further. The announcement is due at 7.45 am ET.
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Brazil's service sector shrank drastically in May as the coronavirus, or Covid-19, pandemic continued to hurt the economy severely, survey data from IHS Markit showed on Wednesday.
The services Purchasing Managers' Index was at 27.6 in May, largely unchanged from 27.4 in April. A PMI reading below...
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After reporting a steep drop in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Wednesday showing another nosedive in factory orders in the month of April.
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Activity in the U.S. service sector continued to contract in the month of May, although a report released by the Institute for Supply Management on Wednesday showed the pace of contraction slowed by even more than economists had been expecting.
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After reporting a record drop in private sector employment in the previous month, payroll processor ADP released a report on Wednesday showing the pace of job losses slowed by much more than anticipated in the month of May.
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