UK S&P Global Composite PMI Flash (Jun) 49.4 vs. Exp. 50.6 (Prev. 49.7)
Newsquawk Staff ·
- Price pressures remain elevated as companies point to the energy shock and supply squeeze from the war in the Middle East as exacerbating existing cost pressures from government policies; These higher costs, combined with subdued business growth expectations for the year ahead, have caused employment to continue to fall at a worryingly high rate.
- Some of the war-related price pressures have started to moderate, however, largely thanks to lower energy prices; subdued growth and labour market pictures suggest that demand and wage-bargaining power are sufficiently slack to prevent inflation becoming entrenched.
Sources
- Ukraine energy company DTEK says a Russian attack hit one of its power stations
- [MARKET ANALYSIS] Asia-Pac stocks are mostly lower following the tech rout and flight-to quality stateside
- PRE-MARKET CHINESE STOCKS NEWS: Earnings from China Telecom and Chow Tai fook
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
- US President Trump on Iran, says may do it a little bit further
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