Just when German factories appeared to be exiting a year-long slump that battered the country’s economy, the sector’s contraction has worsened again.
French industry effectively stalled this month and new orders shrank, in a setback for hopes that the euro area’s second-biggest economy will stabilize.
Hong Kong dollar bears are abandoning their short bets, stoking the currency’s longest rally in more than five years.
Oil was steady near a three-month high as optimism the U.S.-China trade deal will spur demand for crude was tempered by caution due to the agreement’s limited nature and lack of detail.
In an interview, ex-FDIC chief Sheila Bair says weakening the post-crisis rules is wrongheaded and that a Monte Paschi-type event could happen again.
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