Stay updated with breaking news from July flash. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Australia's PMI Manufacturing recorded a mild uptick in June, rising from 48.2 to 49.6, marking a 5-month high, but still falling short of the expansionary threshold of 50. Concurrently, PMI Services took a downward turn from 50.3 to 48.0, hitting a 7-month low. Consequently, Composite PMI, a measure of combined sectors, dipped from 50.1 to 48.3, which is also a 7-month low. ....
On the currency front, major currency pairs and crosses are bounded within Friday's range for now, with the market awaiting the next move. Releases of PMI data from Eurozone and UK might trigger some volatility today. However, traders' primary focus will undeniably be the upcoming high-profile events - FOMC and ECB interest rate decisions - set to unfold later this week, along with several key economic data releases. ....
Daily Markets: Nasdaq-100 Rebalance Effective, Flash July PMI Data Gives Latest Inflation Update nasdaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nasdaq.com Daily Mail and Mail on Sunday newspapers.
Euro and British Pound faced significant downward pressure today, following dismal PMI data that raises concerns about the prospect of further economic contraction in Eurozone and UK. With the German Ifo business climate index on the horizon tomorrow and ECB rate decision due on Thursday, Euro is likely to face additional scrutiny. ....