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The Hang Seng Tech Index fell further to 2%, while the Hang Seng Index is currently down 1.25%.
2026-06-03
The Hang Seng Tech Index fell further to 2%, while the Hang Seng Index is currently down 1.25%.
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2026-06-03
IRIB reports alarms sounded in Bahrain.
IRIB reports alarms sounded in Bahrain.
2026-06-03
S&P Global Market Intelligence says US services demand has essentially stalled over the past three months, losing momentum from earlier this year, while manufacturing saw demand spikes and precautionary inventory building tied to war-related supply a
S&P Global Market Intelligence says US services demand has essentially stalled over the past three months, losing momentum from earlier this year, while manufacturing saw demand spikes and precautionary inventory building tied to war-related supply and price concerns. Weak services activity is dragging overall growth; PMI data implies annualized Q2 growth only marginally above 1%. Consumer-facing sectors posted the largest order declines since the pandemic as higher energy costs squeezed spending and rising service prices prompted consumers to delay purchases; business services orders are down and financial firms face pressure from higher rates. PMI shows accelerating input-cost inf, signaling further near-term consumer-price pressure, albeit weak demand growth and signs of a cooling labor market may limit additional upside.
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