Page 70 - Eco News Today

Indian shares opened higher on Monday, tracking gains in the broader Asian market, as mixed U.S. jobs data bolstered expectations that the Federal Reserve may skip an interest rate hike later this month.

China's services activity picked up in May, a private-sector survey showed on Monday, as a rise in new orders shored up a consumption-led economic recovery in the second quarter.

Germany is launching a programme that will make available tens of billions of euros for firms facing substantial energy costs, in a bid to help its challenged industrial sector fund a shift towards carbon-neutral production techniques.

Turkey's lira slid almost 1% on Monday in thin trading during the Asian day to weaken past 21 per dollar, in a shaky initial reaction to the appointment of highly-regarded Mehmet Simsek as finance minister.

A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish investors betting on its decline.

Turkish annual inflation fell to 39.59% in May, official data showed on Monday, broadly in line with expectations, largely due to the government offsetting price rises in other goods by providing natural gas free of charge.

Indonesia's annual inflation rate eased to 4% in May, matching the upper end of the central bank's target range earlier than expected, data from the statistics bureau showed on Monday.

Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future.

Japan will not detail a time frame for balancing the primary budget in its mid-year economic policy for the second consecutive year, showed a draft seen by Reuters, underscoring Prime Minister Fumio Kishida's focus on bolstering the economy.

A look at the day ahead in U.S. and global markets from Mike Dolan