Eurozone HCOB Composite PMI above expectations (49.1) in June: Actual (49.5)
Eurozone HCOB Composite PMI above expectations (49.1) in June: Actual (49.5)
Eurozone HCOB Manufacturing PMI above forecasts (51.2) in June: Actual (51.3)
Eurozone HCOB Manufacturing PMI above forecasts (51.2) in June: Actual (51.3)
Eurozone HCOB Services PMI above expectations (48.1) in June: Actual (48.9)
Eurozone HCOB Services PMI above expectations (48.1) in June: Actual (48.9)
Euro declines against Japanese Yen as German Manufacturing PMI flatlines in June
EUR/JPY extends its losses for the second successive day, trading around 184.30 during the European hours on Tuesday. The currency cross depreciates following the release of HCOB Purchasing Managers Index (PMI) data from Germany. Attention is shifted toward Eurozone PMI data due later in the day.
Equities: Tech-led rotation and volatility in focus – Danske Bank
Danske Research Team reports that global equities advanced, but underlying performance was highly dispersed, with US consumer and communication services names under pressure while most S&P 500 sectors and small caps gained.
British Pound edges lower vs JPY on UK politics, intervention fears; looks to UK PMIs
The GBP/JPY cross struggles to capitalize on the previous day's solid intraday bounce from the vicinity of a one-month trough, touched last week, and edges lower on Tuesday. Spot prices, however, lack bearish conviction and currently trade just below the 214.00 mark amid mixed fundamental cues.
Euro inches lower following HCOB PMI data from Germany
EUR/USD held ground after registering modest losses in the previous day, trading around 1.1430 during the European hours on Tuesday. However, the pair withdraws its daily gains following the release of HCOB Purchasing Managers Index (PMI) data from Germany.
British Pound: Leadership change seen contained – DBS
DBS Group Research economist Philip Wee argues that Sir Keir Starmer’s resignation and the upcoming Labour Party leadership contest should not trigger a repeat of the 2022 UK mini-budget crisis for the British Pound.
Japanese Yen: Scope remains to revisit 2024 low against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note sharp intraday swings in USD/JPY after it spiked to 161.92 then fell to 161.06 before closing at 161.54.
Germany’s flash Manufacturing PMI drops to 50.0 in June as expected
German preliminary HCOB Manufacturing Purchasing Managers’ Index (PMI) arrives lower at 50.0 in June, as expected, from 50.1 in May. The 50.0 figure is a boundary line that separates expansion from contraction.
Germany HCOB Composite PMI registered at 48, below expectations (49.9) in June
Germany HCOB Composite PMI registered at 48, below expectations (49.9) in June
Germany HCOB Manufacturing PMI meets expectations (50) in June
Germany HCOB Manufacturing PMI meets expectations (50) in June