SYDNEY, June 30 (Reuters) - Asian shares were ending a rough quarter in a sombre mood on Thursday amid fears central banks' cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government bonds.
SINGAPORE/HONG KONG, June 30 (Reuters) - The euro struggled to regain its footing on Thursday after tumbling overnight against a resurgent U.S. dollar, which benefited from safe-haven demand on renewed worries about higher rates and a global recession.
SINGAPORE, June 30 (Reuters) - Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories.
TOKYO, June 30 (Reuters) - Japan's factory output posted the biggest monthly drop in two years in May as China's COVID-19 lockdowns and semiconductor and other parts shortages hit manufacturers, adding more pressure on an economy struggling to mount a strong recovery.
BEIJING, June 30 (Reuters) - China's factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday, as authorities lifted a strict COVID lockdown in Shanghai, reviving output and consumer spending.
TOKYO, June 29 (Reuters) - Japanese retail sales rose for a third month in May, reinforcing views that strong consumption will lead to an economic rebound this quarter, although rising inflation poses a risk to household spending for the rest of 2022.
