And lofiason bank sees profits rise sending the stock to the top of the stoxx 600. Coming up, nobel prize laureate tells us why president putin commands so much power. Announcer youre watching Worldwide Exchange, bringing you Business News from around the global. All right. As anticipated, the eurozone pmi data is just hitting our wires right now. The eurozone august flash composite data coming in at a level of 52. 8, a little below the reuters poll. Reuters forecasted 53. 4. So its actually quite a bit below. Again, its weaker than what we saw in july and its weaker than what the reuters poll anticipation had been. The flash composite pmi data. The output price index, 48. 9. Thats a slight dip from what we saw in july. The flash manufacturing pmi data coming in weaker than anticipated according to the polls again. 50. 8. The expectation was for 51. 3 according to the reuters poll. What were looking at is a flash manufacturing pmi figure for the eurozone, which is the lowest that weve
U.S. composite PMI falls to 51.2 in June from 53.6 in May, reaching the lowest level in five months, a sign that economic activity is slowing rapidly and a recession could be near.
S&P 500 posts heavy losses on Tuesday as cooling activity in the manufacturing and services sectors raises questions about the health of the U.S. economy.