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Flash June News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MORNING BID AMERICAS-Business brakes in June swoon, dollar jumps

A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft readings from flash business surv.

Morning Bid: Business brakes in June swoon, dollar jumps

Marketmind: Business brakes in June swoon, dollar jumps

Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft readings from flash business surveys for June show that in the euro zone at least overall factory and service sector growth almost ground to halt during the month, with another big contraction in manufacturing. While Federal Reserve boss Jerome Powell slightly softened his tone at the second day of his semi-annual congressional hearings on Thursday - talking of a "careful pace" in any further hikes - he continued to point to two more tightening notches this year even though markets still only see one.

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