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German economy unfazed by Britain’s EU referendum

  Bloomberg Germany’s economy is showing little sign that Britain’s referendum on European Union membership is damping investment, according to Markit Economics. A Purchasing Managers’ Index for manufacturing and services was at 54.1 in June after a reading of 54.5 in May, the London-based company said on Thursday. While that’s the lowest in two months, it’s well above the 50 ...

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French output declines for 1st time in 4 months in June

  Bloomberg France’s private-sector economy shrank for the first time in four months in June, with manufacturing slumping the most in more than a year. A composite Purchasing Managers’ Index fell to 49.4 from 50.9 in May, London-based Markit Economics said on Thursday. That’s below the 50-point mark that divides expansion from contraction. A gauge for manufacturing dropped to 47.9, ...

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Euro will strengthen in 2016 with or without Brexit: Mizuho

  Bloomberg The euro will strengthen this year no matter which way the U.K. votes in Thursday’s referendum on its European Union membership, according to one of the most accurate forecasters of the currency. A record current-account surplus and rising inflation-adjusted bond yields will limit any declines in the shared currency to $1.10, said Daisuke Karakama, chief market economist at ...

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