Oil prices surge as pent-up demand in May adds to final month’s growth records
A record jump in manufacturing activity in the UK,the US and the eurozone lifted stock markets on both sides of the Atlantic on Tuesday.
Pent-up demand after a year of stop-start activity due to the coronavirus outbreak pushed factory order books to fresh highs in May, adding to preceding growth records set in April, or according to a bellwether survey of factory owners.
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Source: theguardian.com