Friday, August 21

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Markets France's contraction deepens as services weaken and the ECB leans the other way Economy The Panama Canal is rationing transits again as a record El Niño builds Crypto The MANTRA chain froze itself, and its token hit a record low Economy UK borrowing overshoots by £2.3 billion in July, tightening the vise on Healey's first Budget Personal Finance Mortgage rates slip to 6.65%, but borrowers still pay more than a year ago Tech Nevada clears 8,000 robotaxis for Las Vegas, and Tesla says it will not fill its share Economy Evergrande's founder gets life in prison as China closes the book on its property bust Companies Samsung is set to hand back more than $70 billion as AI memory profits pile up Markets France's contraction deepens as services weaken and the ECB leans the other way Economy The Panama Canal is rationing transits again as a record El Niño builds Crypto The MANTRA chain froze itself, and its token hit a record low Economy UK borrowing overshoots by £2.3 billion in July, tightening the vise on Healey's first Budget Personal Finance Mortgage rates slip to 6.65%, but borrowers still pay more than a year ago Tech Nevada clears 8,000 robotaxis for Las Vegas, and Tesla says it will not fill its share Economy Evergrande's founder gets life in prison as China closes the book on its property bust Companies Samsung is set to hand back more than $70 billion as AI memory profits pile up

Topic: euro-zone

The plaza at La Défense, the business district west of Paris

Friday, 8/21, 04:01 AM

France's contraction deepens as services weaken and the ECB leans the other way

France's flash composite PMI fell to 48.8 in August from 49.4 in July, against forecasts of a modest improvement, as services activity dropped to 48.4.
The awkward part is the policy backdrop: the European Central Bank raised rates in June for the first time since 2023 and markets are close to fully pricing another increase in September.

euro-zone — news and stories on this topic

This page collects all of Boursel's coverage of euro-zone. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

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