Global EconomyIMPORTANT
German S&P Global Manufacturing PMI Final (Jul) 52.2 vs. Exp. 52.2 (Prev. 50.3)
StockNow breaking-news AI analysis
German manufacturing expanded in July as easing oil prices lowered costs, but ongoing Middle East tensions and oil volatility threaten the sustainability of this growth.
News detail
"An easing of cost inflation to the weakest seen since the outbreak of the Middle East war, primarily linked to the drop in oil prices through June and into early July, was likely a supporting factor too." "Given the volatility in oil prices in recent weeks and the still highly uncertain situation in the Middle East, it's difficult to see this kind of performance being sustained without a resolution to the hostilities"
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