Loading ...July 31 – Reuters (Jonathan Cable and Marius Zaharia): “Factory activity contracted across Asia and Europe in July, fuelling worries a prolonged U.S.-China trade war and an economic slowdown could tilt the world toward recession, which central banks would have to fight with depleted ammunition. Manufacturing activity in the euro zone fell at its steepest rate since late 2012 last month as demand sank, a survey compiled by IHS Markit showed… Forward-looking indicators… suggest manufacturing won’t rebound anytime soon and is likely to embolden policymakers at the European Central Bank… Earlier figures from Germany, Europe’s largest economy, showed a recession among its manufacturers deepened. France and much of the rest of the euro zone also faltered.”
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