April 23, 2025
United States:
Growth in US Business Activity Is Weakest Since 2023 on Tariffs
US business activity expanded at the slowest pace since 2023, while output expectations deteriorated, and price pressures mounted as tariffs created headaches for companies.
The S&P Global flash April composite index of output at manufacturers and services providers dropped 2.3 points to 51.2, according to data released Wednesday.
Europe:
Euro-Zone Private Sector Stalls as Tariff Woes Hit Services
Private-sector activity in the euro area barely grew in April as tariff uncertainty sent confidence in the services industry to an almost five-year low.
The Composite Purchasing Managers’ Index by S&P Global fell to 50.1 from 50.9 in March, remaining narrowly above the 50-threshold separating expansion from contraction, data Wednesday showed.
Asia:
Chinese Investors Dump $2 Billion Hong Kong Stocks in Rare Move
Chinese investors sold a near-record amount of Hong Kong stocks on Wednesday, reducing holdings after hopes of easing in trade tension spurred a relief rally.
They offloaded shares worth HK$18.1 billion ($2.3 billion) on a net basis, the biggest outflow since a record set in February 2021, according to Bloomberg-compiled data.
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