ISM Non-Manufacturing Index worsens whereas factory orders surprise

Source: Investing.com
The final Markit US Services PMI came in at 51.3 in May, following the 51.2 preliminary reading and the 51.4 market forecast. Meanwhile, US factory orders rose 1.9% in April, surpassing expectations of the 0.8% gain and March's revised up 1.7% increase, while the Institute for Supply Management Non-Manufacturing Index came in at 52.9, compared to April's 55.7 result and the 55.3 outlook.
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Mon, 06 Jun 2016 12:04:05 GMT

Oil posts gains on weaker Greenback

Crude oil futures traded higher on Monday after Friday's disappointing non-farm payrolls release that drove the US Dollar 1% lower. West Texas Intermediate jumped 1.05%, trading at $49.13 per barrel, whereas Brent rose 1.05%, trading $50.16 per barrel by 11:35 GMT on the London Stock Exchange.

Fri, 03 Jun 2016 13:05:20 GMT

US trade balance improves in April

The trade gap in the United States rose 5.3% to %37.4 billion in the fourth month of the year, compared to the $41.9 billion deficit seen in the previous month, according to the Department of Commerce. Imports grew 2.1% to $220.2 billion in April, whereas exports rose 1.5% to $182.8 billion.

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