ISTANBUL: The US manufacturing sector contracted in June for the third consecutive month, according to a report released Monday by the Institute for Supply Management (ISM).

The ISM manufacturing purchasing managers’ index (PMI) came in at 48.5% in J…

ISTANBUL: European stock exchanges closed Monday with major gains.

The STOXX Europe 600, which includes around 90% of the market capitalization of European markets in 17 countries, was up 1.62 points, or 0.32%, to close at 513.04.

The UK’s FTSE 100 …

ISTANBUL: US construction spending fell 0.1% to $2,139.8 billion in May, the Commerce Department’s figures showed Monday.

Construction spending, one of the major indicators of well-being in the construction sector, was expected to show a monthly incr…