*China manufacturing PMI hits 18- month high; new orders surge. While China is relying on increased government stimulus to steer its economy away from reliance on exports and towards consumer spending, Europe has taken the opposite approach, combining fiscal austerity with near-zero interest rates.» Read More
LONDON, June 3- Global manufacturing activity accelerated slightly last month as output picked up to meet a growing order book, a survey showed on Tuesday. JPMorgan's Global Manufacturing Purchasing Managers' Index rose to 52.2 in May from April's 51.9, above the 50 mark that indicates growth for the 18th month in a row.
BEIJING, June 3- China's services sector grew at its fastest pace in six months in May as new orders rebounded, an official survey showed, reinforcing hopes that the Chinese economy may be steadying after a tumultuous few months.
The final reading of the HSBC/ Markit purchasing managers' index for May rose to 49.4, lower than a preliminary reading of 49.7 but up from 48.1 in April. The final PMI was weaker than the flash reading due to an upward revision of the stocks of finished goods, HSBC said.
June 2- The Institute for Supply Management's manufacturing index for May, originally reported at 53.2, will be corrected to show a faster acceleration in factory activity last month, CNBC said on Monday, citing ISM as the source.
June 2- The Institute for Supply Management's manufacturing index for May, originally reported at 53.2, has been corrected to 56, CNBC said on Monday, citing ISM as the source. The numbers reported earlier, which were weaker than market expectations, weighed on stocks and pushed yields on U.S.
ISM MAY MANUFACTURING INDEX SHOULD HAVE BEEN 56, NOT 53.2 AS ORIGINALLY REPORTED-CNBC, CITING ISM.
*Firms cite Ukraine crisis as reason for weak orders. WARSAW, June 2- Polish factory activity slowed unexpectedly in May yet Czech manufacturing grew at its fastest pace in two years, data showed on Monday, underlining Poland's exposure to the Ukraine crisis.
The Markit/CIPS UK Manufacturing Purchasing Managers' Index inched down in May to 57.0 from 57.3, but stayed far above the 50 line that divides growth from contraction. "Sustaining the rebound and continuing to push towards rebalancing the UK economy towards manufacturing therefore remains critical.
LONDON, June 2- Euro zone manufacturing growth slowed more than initially thought last month, a business survey showed on Monday, likely fuelling expectations that the European Central Bank will ease policy this week.
*China official PMI rises to 5- mth high of 50.8 in May. BEIJING/ SEOUL, June 2- China continues to show signs of an economic revival as its factory activity expanded at the fastest pace in five months in May, raising some hopes across the region that Beijing's targeted measures to bolster growth are having an impact.
BANGALORE, June 2- Indian factory activity expanded at a slightly faster pace in May, while input prices rose at their slowest rate in over a year, a business survey showed on Monday. The HSBC Manufacturing Purchasing Managers' Index, compiled by Markit, edged up to 51.4 in May from 51.3 in April. Still, that was slightly below the 51.6 median forecast in a Reuters poll.
BEIJING, June 1- China's factory activity expanded at the fastest pace in five months in May due to rising new orders, official data showed on Sunday, reinforcing views that the world's second-largest economy is regaining momentum in the second quarter following Beijing's targeted measures to bolster growth.
BEIJING, May 29- Growth in China's manufacturing sector may have quickened slightly in May on an expected improvement in demand, a Reuters poll found, adding to budding hopes that the world's second-biggest economy may be stabilising.
*HSBC flash PMI shows Chinese factory activity steadying. LONDON, May 22- Robust expansion in Germany and the euro zone's private sector helped the euro recover from recent lows on Thursday, although growing expectations that the ECB will ease monetary policy next week kept gains muted.
LONDON, May 22- The strong pace of growth in the euro zone's private sector eased very slightly this month, with drastic price cuts preventing any further slowdown, surveys showed on Thursday. It's broad-based- with the one exception being France, "said Rob Dobson, senior economist at survey compiler Markit. That would be good news for the European Central Bank.
TOKYO, May 22- Japanese stocks led a surge in Asian equities to a one-year high on Thursday, after an upbeat reading on China's factory sector burnished risk appetite and blunted some of the more pessimistic views on the world's second-biggest economy.
*PetroChina hits 6- month high after China- Russia gas deal. HONG KONG, May 22- Hong Kong and China shares rose on Thursday helped by a preliminary private survey that suggested China's factory sector turned in its best performance in five months in May.
SHANGHAI, May 22- China's yuan weakened a tad on Thursday after the official midpoint was set at an eight-month low, but traders said a rough balance in dollar supply and demand kept the currency stable.
*China flash HSBC PMI beats forecasts. SYDNEY, May 22- London copper edged up on Thursday from a nine-day low hit the session before, supported by a robust reading of China's factory sector and signals U.S. rate hikes were not likely in the near-term.
TOKYO, May 22- Asian shares and the Australian dollar rose on Thursday after an upbeat reading on China's factory sector blunted some of the more pessimistic views on the world's second-biggest economy, supporting risk appetite already burnished by a strong session on Wall Street.