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German factory orders rise faster than expected; Asian shares fall on tech pullback – business live

Germany’s biggest arms maker Rheinmetall slashes outlook after cancelled government contract; crude oil prices hold below $80 a barrelGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.In Germany, factory orders rose more than expected in June as Europe’s biggest economy shrugged off disruption from the Iran war.8.30am BST: Eurozone construction PMI for July9.30am BST: UK construction PMI for July1.30pm BST: US Initial jobless claim for week to 1 August Continue reading…

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Source: www.theguardian.com

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