Euro-Zone Private Sector Near Stagnation on Global Uncertainty
The euro area's private sector barely grew in June, remaining in limbo as erratic US trade policy and geopolitical conflicts leave companies in the dark on what's next.
The Composite Purchasing Managers' Index by S&P Global held at 50.2, remaining just above the 50 threshold separating growth from contraction, data Monday showed. Economists had anticipated an acceleration to 50.5. Services made it back to the vital 50 level as well, while manufacturing stayed at 49.4 — failing to grow for a 36th month.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Oatly to Report Second Quarter 2025 Financial Results on July 23, 2025
MALMÖ, Sweden, June 23, 2025 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY), the world's original and largest oat drink company, will report financial results for the second quarter ended June 30, 2025, on Wednesday July 23, 2025 before the U.S. market opens. Oatly will host a conference call and webcast at 8:00 a.m. ET on the same day to discuss the results. The conference call and simultaneous live webcast can be accessed on Oatly's Investors website at under 'Events.' The webcast will be archived for 30 days. About Oatly We are the world's original and largest oat drink company. For over 30 years, we have exclusively focused on developing expertise around oats: a global power crop with inherent properties. Our commitment to oats has resulted in core technical advancements that enabled us to unlock the breadth of the dairy portfolio, including alternatives to milks, ice cream, yogurt, cooking creams, spreads and on-the-go drinks. Headquartered in Malmö, Sweden, the Oatly brand is available in more than 50 countries globally. For more information, please visit ContactsOatly Group AB+1 866-704-0391investors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
44 minutes ago
- Yahoo
Korea's Early Exports to US Jump Ahead of Tariff Deadline
(Bloomberg) -- South Korea's early trade data for June showed the biggest rise in exports to the US so far this year, indicating that manufacturers may have rushed shipments ahead of a July deadline that will see broad tariffs rates more than double. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice One Architect's Quest to Save Mumbai's Heritage From Disappearing NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports The value of shipments to the US rose 4.3% in the first 20 days of June from a year earlier, customs data showed Monday. It was the first increase since March, and it marked a rebound after a 8.1% drop in US-bound shipments in the full month of May. Imports rose 4.8%, while the trade surplus came to about $3 billion. As with other nations, South Korea faces sectoral tariffs on autos, steel, aluminum and semiconductors. An across-the-board 10% tariff on other South Korean goods is set to increase to 25% on July 9 after a three-month grace period expires. 'It does look like there was front-loading during the grace period, likely driven by pre-buying ahead of the US tariffs,' said Cho Yong-gu, a fixed-income strategist at Shinyoung Securities. 'I am, however, concerned about the sustainability of this trend — I expect a slowdown in the second half of this year.' The rebound in Korean shipments to the US is likely to be short-lived. President Lee Jae Myung, who took office earlier this month, has yet to make meaningful progress in trade negotiations. A planned meeting with President Donald Trump on the sidelines of last week's Group of Seven summit in Canada was called off at the last minute. The trade figures add to signs of a temporary recovery in regional demand. Japan's manufacturing PMI climbed back into expansion in June, rising to 50.4, the highest since May 2024, S&P Global said Monday. The rebound may also offer modest support for Korea's intermediate goods exports to Asia. South Korea's overall value of shipments rose 8.3% in the first 20 days of June, the biggest jump since August 2024, the customs data showed. Imports rose 5.3%, resulting in a trade surplus of $2.62 billion. The elevated tariff rate on South Korean goods would represent one of the steepest trade penalties imposed on US allies. On top of that, the sectoral duties will further strain the country's export-dependent industries. Last Friday, the Bank of Korea reported that South Korea's current account surplus with the US surged to a record high last year, adding pressure on President Lee as he seeks to secure a trade deal with Washington. Trade Minister Yeo Han-koo departed on Sunday for meetings with his counterparts in Washington, Yonhap News reported. In Monday's data, semiconductors, South Korea's largest export, posted a 21.8% increase, while automobile shipments climbed 9.2%. Steel exports showed a modest 1.6% increase, remaining weak under the pressure of the 50% US tariff. Outbound shipments to China slipped 1%, while imports gained 3.4%. Exports to Vietnam recorded a 4.3% decline, whereas shipments to the European Union surged by 24%. The trade data come after the Finance Ministry announced a 30.5 trillion won ($22.2 billion) supplementary budget to help revive an economy hit by weak consumption and external trade shocks. The package includes 15.2 trillion won in stimulus, 5 trillion won for supporting livelihoods like small businesses and 10.3 trillion won to offset a revenue shortfall in the current budget. The extra budget will be financed through a combination of spending cuts and additional debt issuance, lifting the debt-to-gross domestic product ratio to 49% this year. Policymakers are seeking to balance economic support with fiscal sustainability, while also navigating heightened trade tensions. The BOK pivoted to a monetary easing cycle last October, and has since cut its benchmark rate to 2.5%. The bank lowered its growth forecast for the year to 0.8% and said further easing may be on the table depending on conditions in the second half. With a new government in place and fiscal tools being deployed, attention remains on whether export momentum can recover, and whether a breakthrough with the US can be made before the tariff relief expires. (Updates with other details including economist's comments.) Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
an hour ago
- Bloomberg
Meet the Climate Leaders Working to Cut Emissions
Today's newsletter looks at some of the climate leaders working to cut emissions and create a more equitable future. The full version of the story, which is part of Bloomberg Businessweek 's July 2025 edition, can be found on Also, we reflect on the life and work of Manfredi Caltagirone, one of the world's top diplomats on methane, who recently died at the age of 46.
