市场新闻

The flash estimate of the United States (US) S&P Global Composite PMI came in at 52.2 in June, better than the 51.5 posted in May.

United States S&P Global Manufacturing PMI above expectations (54.8) in June: Actual (55.7)

United States S&P Global Services PMI came in at 51.3, above forecasts (51) in June

United States S&P Global Composite PMI up to 52.2 in June from previous 51.5

ING analysts Warren Patterson and Ewa Manthey say Oil prices fell sharply after the US granted a 60-day waiver allowing Iranian exports, adding to pressure from rising flows through the Strait of Hormuz.

Silver (XAG/USD) slides more than 4% on Tuesday as the US Dollar (USD) climbs to near one-year highs after the Federal Reserve's (Fed) hawkish tilt at last week's monetary policy meeting reinforced expectations that interest rates will remain higher for longer.

TD Securities’ Global Strategy Team reports that June Eurozone PMIs confirm a divergence between stabilizing German manufacturing and still weak French services.

United States Redbook Index (YoY) up to 10% in June 19 from previous 9.4%

National Bank of Canada (NBC) Economics and Strategy team, led by Taylor Schleich, Ethan Currie and Vy Le, argues that Kevin Warsh’s Federal Reserve (Fed) is deliberately increasing policy ambiguity by stripping out forward guidance.

Geoff Yu at BNY highlights that Eurozone PMIs remain weak despite a slightly better-than-expected composite reading. Core economies like Germany and France continue to underperform, with German services at a 43‑month low.

Commerzbank analysts highlight that stronger heatwaves in Europe and Asia are likely to lift electricity demand and gas-fired power use, complicating European storage refilling.

OCBC’s Sim Moh Siong notes the Dollar is supported by higher US Treasury yields and a more hawkish Federal Reserve path, with leaner Fed communication likely to lift FX volatility.