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Final IHS Markit manufacturing PMI readings for May showed activity in the euro zone hitting a record high 63.1, up from 62.9 in April and exceeding an initial flash estimate of 62.8.
In the U.K., factory activity rose to 65.6 in May from 60.9 in April, its sharpest increase since records began, as a windfall of new orders drove the country s industrial resurgence.
The European Commission on Monday proposed that vaccinated tourists should be exempted from mandatory testing or quarantine measures when travelling between EU nations, urging a progressive easing of travel restrictions to accommodate rising Covid-19 inoculations.
In corporate news, Atlantia investors on Monday backed the $11 billion sale of the Italian infrastructure group s stake in its motorway division to state bank CDP and allies Blackstone and Macquarie.
CWG Plc and its partner Surya software, a global Financial Control and Risk Management Solution provider, will host key players in the banking and financial services industry to a conference on ‘Balance Sheet of the Future: Risk-Data-Analytics’ on Wednesday, March 17th, 2021.
According to the Business Director, FSI, Abayomi Olomu, the objective of the conference is to explore the role of Balance Sheet Management and Asset Liability Management in future considering the volatile and dynamic markets and how technology can be leveraged to manage these areas.
Abayomi added that Banks have increased demands to improve performance, increase transparency and comply with newer and complex regulations.