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Marketmind: Business brakes in June swoon, dollar jumps

Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft readings from flash business surveys for June show that in the euro zone at least overall factory and service sector growth almost ground to halt during the month, with another big contraction in manufacturing. While Federal Reserve boss Jerome Powell slightly softened his tone at the second day of his semi-annual congressional hearings on Thursday - talking of a "...
United Kingdom United States Raphael Bostic Jerome Powell Loretta Mester Mike Dolan
Source: yahoo.com

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