German S&P Global Manufacturing PMI Final (May) 50.1 vs. Exp. 49.9 (Prev. 51.4)
Newsquawk Staff ·
- Cost pressures have continued to ratchet up across the manufacturing sector, though the rate output charge inflation stayed broadly in line with that seen in April as weakness in demand led some manufactures to be more cautious with their price setting.
Sources
- PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: TSMC halts steel-structure work at new fab sites after fatal accident; Moody's upgrades TSMC to Aa2; Powerchip seeks further 10-20% price hikes; OUE REIT Q3 NPI +4.6%
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Japan's health ministry halts new Tavneos use, questions Kissei approval data; Mitsubishi Corp approves US copper mine; Samsung Electro-Mechanics joins NVIDIA substrate supply chain
- US and Israeli militaries have reportedly developed plans for renewed strikes on Iran after the US midterm elections, targeting energy infrastructure, nuclear facilities and missile and drone arsenals, NYT reports, citing sources
- US Market Wrap: Stocks gain as tech earnings begin
- US waives Russian diesel tax record requirements for buyers
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