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UK services firms report sharpest rise in costs since late 2022

UK services firms report sharpest rise in costs since late 2022

LONDON, May 6 (Reuters) - British services firms last month reported the sharpest acceleration in cost pressures in three-and-a-half years as the Iran war drove up prices for fuel and raw materials, a closely watched survey showed on Wednesday.

Morning Bid: No stopping AI frenzy in Asia

Morning Bid: No stopping AI frenzy in Asia

A look at the day ahead in European and global markets from Ankur Banerjee Japan's Nikkei returned from holiday and jumped onto the scorching AI rally, joining South Korea and Taiwan equities at record peaks, while oil prices hovered near $100 per barrel as markets held their breath for a deal to

US and Bahrain push UN-backed action for Hormuz as Washington seeks maritime coalition

US and Bahrain push UN-backed action for Hormuz as Washington seeks maritime coalition

By John Irish PARIS, May 5 (Reuters) - U.N.

Euro zone services activity slumps in April on weak demand, PMI shows

Euro zone services activity slumps in April on weak demand, PMI shows

LONDON, May 6 (Reuters) - Euro zone services activity contracted in April for the first time in almost a year, hit by weakening demand and deteriorating export business as the Middle East war weighed on consumer-facing sectors, a survey showed on Wednesday.

European shares pause as markets watch Mideast peace prospects; earnings on tap

European shares pause as markets watch Mideast peace prospects; earnings on tap

May 7 (Reuters) - European shares were steady on Thursday, after a sharp rally in the previous session, with investors holding on to optimism that a U.S.-Iran peace deal was close, while parsing through corporate results. The pan-European STOXX 600 was muted at 623.56 points, as of 0703 GMT.

CS Anthem chemical tanker becomes second US-flagged vessel to exit Strait of Hormuz

CS Anthem chemical tanker becomes second US-flagged vessel to exit Strait of Hormuz

By Timothy Gardner and Jonathan Saul BOSTON, May 5 (Reuters) - The CS Anthem chemical tanker exited the Strait of Hormuz on Monday, its operator said on Tuesday, becoming the second commercial U.S.-flagged vessel known to do so while accompanied by U.S. military assets.

US stocks rally toward records after oil prices ease

US stocks rally toward records after oil prices ease

The U.S. stock market is rallying toward records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing

Wall Street rises toward records after oil prices give back some of Monday's spurt

Wall Street rises toward records after oil prices give back some of Monday's spurt

The U.S. stock market is rising toward records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing

Euro area factories snapped up raw materials in April as optimism slumped amid Middle East war - PMI

Euro area factories snapped up raw materials in April as optimism slumped amid Middle East war - PMI

LONDON, May 4 (Reuters) - Euro area manufacturers rushed to build inventories of raw materials in April amid fears of further supply disruptions and higher costs linked to conflict in the Middle East while business confidence slumped to its lowest since late 2024, a survey showed on Monday.

Wall Street flirts with records after oil prices give back some of Monday's spurt

Wall Street flirts with records after oil prices give back some of Monday's spurt

The U.S. stock market is ticking toward records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing

Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

By Twesha Dikshit May 4 (Reuters) - European shares ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz. U.S.

Supply concerns lift orders for Spain's manufacturers in April, PMI shows

Supply concerns lift orders for Spain's manufacturers in April, PMI shows

May 4 (Reuters) - Spain's manufacturing output and new orders rose in April as clients rushed to secure stock amid disruptions due to the war in Iran, a survey by S&P Global showed on Monday.