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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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Ukraine's Zelenskiy seeks progress on peace talks before winter

Ukraine's Zelenskiy seeks progress on peace talks before winter

May 31 (Reuters) - Ukrainian President Volodymyr Zelenskiy, in an interview broadcast on Sunday, said he wanted to press on with talks on securing peace with Russia before the onset of winter to take account of Kyiv's improved strategic position.
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UK monthly house prices fall for first time since start of Iran war, Nationwide says

UK monthly house prices fall for first time since start of Iran war, Nationwide says

LONDON, June 1 (Reuters) - British house prices fell by 0.6% in May, their first monthly drop since December and growth slowed in annual terms, as economic uncertainty stemming from the war in Iran hurt demand, figures from mortgage lender Nationwide showed on Monday.
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Euro zone factory growth slowed in May as input costs hit four-year high, PMI shows

Euro zone factory growth slowed in May as input costs hit four-year high, PMI shows

LONDON, June 1 (Reuters) - Growth in euro zone manufacturing lost momentum in May as demand for goods stagnated and supply-chain disruptions linked to the Middle East war pushed input costs to their highest in four years, a survey showed on Monday.
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Turkey's manufacturing nears stabilisation, PMI hits highest since March 2024

Turkey's manufacturing nears stabilisation, PMI hits highest since March 2024

ISTANBUL, June 1 (Reuters) - Turkey's manufacturing sector neared stabilisation in May as output returned to growth and export orders rose for the first time in 21 months, a business survey showed on Monday.
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Japan's factory growth slows as cost pressures surge, PMI shows

Japan's factory growth slows as cost pressures surge, PMI shows

TOKYO, June 1 (Reuters) - Japan's manufacturing sector expanded in May at a slightly slower pace, as record export order growth was offset by surging costs driven by the Middle East war and inflated output from stockpiling, a private survey showed on Monday.
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Bank of England's Bailey says allowing inflation to run above target is appropriate

Bank of England's Bailey says allowing inflation to run above target is appropriate

May 29 (Reuters) - Bank of England Governor Andrew Bailey said on Friday that allowing inflation to run above the central bank's 2% target is justified given the uncertainty about the impact of the Iran war on the economy and the weak pace of growth.
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European markets rise as investors await US-Iran ceasefire extension

European markets rise as investors await US-Iran ceasefire extension

May 29 (Reuters) - European shares rose on Friday and were on track to end the month higher, as investors took comfort from expectations that a proposed deal to extend the Middle East ceasefire and restore shipping through the Strait of Hormuz could be finalised. 
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With a stalemate in Ukraine and discontent at home, Putin seems ready to escalate his war

With a stalemate in Ukraine and discontent at home, Putin seems ready to escalate his war

President Vladimir Putin is facing a battlefield stalemate in Ukraine and growing war fatigue among Russians and appears ready to change the narrative around the conflict
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Top euro zone countries see Iran inflation fallout broaden in May

Top euro zone countries see Iran inflation fallout broaden in May

FRANKFURT, May 29 (Reuters) - Inflation in the euro zone's four largest economies hovered above the European Central Bank's 2% target for a third straight month in May, preliminary data showed on Friday, as a rise in fuel costs triggered by the Iran war began to feed through to other prices.
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Global bonds take wild ride in May as Iran war shocks market

Global bonds take wild ride in May as Iran war shocks market

By Harry Robertson and Yoruk Bahceli LONDON, May 29 (Reuters) - The Iran war rocked global bond markets again in May, sending yields to multi-decade highs as traders priced in central bank rate hikes - only for signs of progress in peace talks and weak economic data to bring them sharply lower again