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NEW YORK: U.S. stocks posted gains on Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions.
LONDON: Eurozone manufacturers appear to have passed their nadir, a survey showed, but activity is still contracting sharply as government-imposed lockdowns due to the coronavirus pandemic keep demand in check.
SEOUL: South Korea's manufacturing activity shrank at the sharpest pace in more than a decade in May, as worldwide lockdowns continued to weigh on demand and production, dashing hopes of a near-term recovery from the coronavirus crisis.
BEIJING (Xinhua– The purchasing managers' index (PMI) for China's manufacturing sector eased to 50.6 in May from 50.8 in April, the National Bureau of Statistics (NBS) said Sunday.
As the earnings season for the first quarter has just ended, the key focus this week will be April’s external trade figures.
KUALA LUMPUR: The year 2020 has been gloomy so far, with dark clouds expected to continue casting shadows as the Covid-19 (coronavirus) pandemic carved its devastating path through economies worldwide, leading many to come face-to-face with recession.
BEIJING: Activity in China's services sector expanded at a faster clip in May as measures to contain the coronavirus outbreak were lifted, official data showed on Sunday, suggesting business and consumer confidence may slowly be improving.