European PMI improves in May

Source: Investing.com
The final Markit Germany Composite PMI came in at 54.5 in May, following the 54.7 preliminary reading and April's 53.6, whereas the final Services PMI came in at 55.2, in line with the preliminary reading and above April's 54.5. Meanwhile, the Euro zone's Composite PMI came in at 53.1 in May, following the 52.9 flash estimate and 53.0 in April, and its Services PMI came in at 53.3, compared to the 53.1 estimate and the previous month's 53.1.


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Fri, 03 Jun 2016 12:06:34 GMT

UK PMI surprises in May

The Euro zone's retail sales rose  0.0% month-over-month in April, following the -0.5 reading seen in the previous month and the 0.2% market forecast. Meanwhile, the final Markit UK Services PMI grew to 53.5 in May from 52.3 seen in April, surpassing the 52.4 forecast. 

Fri, 03 Jun 2016 11:17:59 GMT

Euro loses ground against Greenback

The US Dollar ignored Friday's data released by the European Union, trading higher against the common currency on the LSE. Thus, the Euro traded near its intra-day lows around $1.1140 by 11:00 GMT ahead of US labour data. Analysts expect some volatility in the currency markets during the North American session.

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