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Factories face soaring costs as Iran war causes supply shocks

Factories face soaring costs as Iran war causes supply shocks

By Jonathan Cable and Leika Kihara LONDON/TOKYO, June 1 (Reuters) - The economic shock from the Iran war hit European factories last month, suppressing demand for their goods and pushing up raw material costs at the fastest rate in four years, although their Asian peers saw activity expand due to
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Dollar steadies as markets await signals on Iran war, central banks

Dollar steadies as markets await signals on Iran war, central banks

By Rocky Swift TOKYO, June 1 (Reuters) - The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes.
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Trading Day: Talks + tech = boom!

Trading Day: Talks + tech = boom!

By Jamie McGeever ORLANDO, Florida, June 1 (Reuters) - Conflicting headlines on the U.S.-Iran ceasefire dominated world markets on Monday, with the big three U.S. stock indices eventually joining several key global benchmarks in an AI-driven rally to new highs after President Donald Trump said the
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Asia stocks count on AI boom to offset Gulf risks

Asia stocks count on AI boom to offset Gulf risks

By Wayne Cole SYDNEY, June 1 (Reuters) - Asian share markets firmed on Monday as the boom in all things AI continued to drive demand, offsetting a lack of progress in Gulf peace talks that challenged optimism on a re-opening of the Strait of Hormuz and lifted oil prices.
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Asia's factory output expands as firms stockpile buffers over Iran war risks

Asia's factory output expands as firms stockpile buffers over Iran war risks

By Leika Kihara TOKYO, June 1 (Reuters) - Asia's factory activity expanded steadily in May on stockpiling by some companies to get ahead of supply shocks from the Middle East conflict, private surveys showed on Monday, a sign that the war's economic fallout is broadening across the region.
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Canadian factory sector grows on likely war-linked stockpiling

Canadian factory sector grows on likely war-linked stockpiling

By Fergal Smith TORONTO, June 1 (Reuters) - Canada's manufacturing sector expanded for a second straight month in May as the potential for higher prices and product shortages due to the war in the Middle East likely boosted client demand, data showed on Monday.
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Japan risks return to stagnation without early rate hike, ex-BOJ policymaker says

Japan risks return to stagnation without early rate hike, ex-BOJ policymaker says

By Leika Kihara TOKYO, June 1 (Reuters) - Japan is on the verge of repeating the policy mishap that led to decades of economic stagnation as Iran war-induced inflation risks forcing the central bank to raise rates aggressively if it doesn't act on time, former Bank of Japan board member Makoto
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Morning Bid: Who needs oil when there's AI to buy?

Morning Bid: Who needs oil when there's AI to buy?

June 1 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It seems investors are concluding no news is good news when it comes to the Gulf peace talks.
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Japan's Q1 capex stalls as Iran war concerns weigh on business confidence

Japan's Q1 capex stalls as Iran war concerns weigh on business confidence

(Corrects to restore dropped word 'flat' in lead paragraph) By Makiko Yamazaki TOKYO, June 1 (Reuters) - Japanese companies' annual spending on plant and equipment remained almost flat in the first quarter, data showed on Monday, pausing after a year of strong growth as concerns mount over the
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The Latest: Appeals court rules Trump policy illegally banned transgender troops from military

The Latest: Appeals court rules Trump policy illegally banned transgender troops from military

A divided panel of federal appeal court judges has ruled that a Trump administration policy illegally banned transgender troops from military service
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UK manufacturers raise prices at fastest pace in nearly 4 years, PMI shows

UK manufacturers raise prices at fastest pace in nearly 4 years, PMI shows

LONDON, June 1 (Reuters) - British manufacturers raised their prices at the fastest rate since June 2022 last month in response to a big increase in costs as the Iran war disrupts supply chains, according to a survey likely to concern the Bank of England.
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Gold Prices Decline for Third Month Amid Inflation and Interest Rate Concerns

Gold Prices Decline for Third Month Amid Inflation and Interest Rate Concerns

Gold Prices Decline for Third Month Amid Inflation and Interest Rate Concerns