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Two surveys suggest China’s manufacturing sector improved or at least stabilized in May compared with the previous month, providing some respite following signs of a slowdown in the economy’s recovery, reports Bloomberg. China Beige Book, a US-based data provider, said its surveys show manufacturing output picked up “notably” in May from April, as did domestic…
Surveys indicate that China’s manufacturing sector picked up pace in May, or at least stabilised production, compared to April, according to Bloomberg.
Brent for July settlement fell 1.3% to $76.05 a barrel at 12:46 p.m. in London.
Updated Price for Natural Gas (NYMEX: NGF22). Charting, Price Performance, News & Related Contracts.
Oil fell below $70 as the physical market for crude signaled that supplies are more than adequate to meet tepid demand.