French S&P Global Composite PMI Flash (May) 43.5 vs. Exp. 47.7 (Prev. 47.6, Low. 46.1, High. 48.5)
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German S&P Global Composite PMI Flash (May) 48.6 vs. Exp. 48.4 (Prev. 48.4, Low. 47.4, High. 51.4)
Iran's Foreign Ministry spokesperson says Iran is pursuing talks "in good faith" but views US with "deep suspicion", Press TV reports; confirms multiple rounds of messages have been exchanged through Pakistani intermediaries based on the 14-point proposal
French S&P Global Composite PMI Flash (May) 43.5 vs. Exp. 47.7 (Prev. 47.6, Low. 46.1, High. 48.5)
Iran said to be rebuilding industrial base faster than expected, already producing drones, according to US intel cited by CNN
India Trade Minister says authorities are monitoring the INR depreciation situation, with several steps under consideration
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- "The inflationary impact of the oil-price shock continues to proliferate, with price indices in both manufacturing and services moving higher once again."
- "The concern is that a broader uplift in the economy's overall price level raises the risk of further demand destruction. Alarmingly, we saw private sector new orders plummet in May, giving us a clear indication that this shock has materially lifted recession risks for the eurozone's second-largest economy."
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