The final Markit services Purchasing Managers' Index for the United Kingdom dropped to 52.3 in the sixth month of the year, following the 53.5 reading seen in May, according to fresh figures released on Tuesday. In the meantime, market analysts expected to see a decline to 52.8 points in June.
West Texas Intermediate futures traded 0.12% lower at $48.93 per barrel, whereas Brent futures traded 0.18% lower at $50.26 by 14:20 GMT on Monday, In the meantime, gold prices advanced 1.10% to trade at $1,353.70 per troy ounce, whereas silver prices jumped 4.60% to trade at $20.49 per ounce.
According to fresh figures released on Monday, the Markit/CIPS Construction Purchasing Managers' Index for the United Kingdom dropped to 46.0 points in June, following the 50.7 market forecast the previous month's 51.2, the lowest reading since June 2013. Last month's reading hit the lowest level since 2009.
West Texas Intermediate futures traded 0.60% higher at $48.62 per barrel, whereas Brent futures traded 0.54% higher at $49.98 per barrel by 15:10 GMT on the New York Stock Exchange on Friday. Meanwhile, gold prices advanced 1.31% to trade at $1,337.90 per troy ounce, and silver prices jumped 4.55% to trade at $19.47 per ounce.
The Institute for Supply Management's Manufacturing Index rose to 53.2 points in June, whereas analysts anticipated the Index to remain unchanged from the previous month's 51.3 reading, fresh figures showed on Friday. Meanwhile, the final Markit Manufacturing PMI for the United States dropped to 51.3 from the preliminary reading of 51.4, following May's 50.7 and the 51.2 market forecast.
The final Markit Germany Manufacturing PMI rose to 54.5 in June from 52.1 seen in the previous month whereas analysts expected the Index to be unchanged from the preliminary reading of 54.4 points. Meanwhile, the seasonally adjusted final Markit UK Manufacturing PMI came in at 52.1, while market analysts expected the PMI to remain unchanged from its May level at
The Institute for Supply Management's Chicago Purchasing Managers' Index rose from the previous month's 49.3 to 56.8 in June, whereas the market anticipated a slight increase to 51.0 points. The Euro dropped 0.11% against the US Dollar, trading at $1.1092 on the New York Stock Exchange ahead of the data release.
Wall Street started Thursday's trading session higher, following the release of initial jobless claims earlier today. The Standard & Poor's 500 Index advanced 0.24% to open the session at 2,075.90, whereas the Dow Jones Industrial Average Index jumped 0.17% to start at 17,725.39, and the Nasdaq Composite Index climbed 0.26% to open at 4,79.23 points.
Canada's real GDP advanced 0.1% in April after declining 0.2% and 0.1% in March and February, respectively, meeting analysts' expectations, fresh figures from Statistics Canada showed on Thursday. In the meantime, the country's economy expanded 1.5% year-over-year in April, surpassing the 1.4% market forecast.
The number of Americans filing for unemployment aid for the first time during the week ended June 25 climbed to 268,000 on a seasonally adjusted basis, almost in line with analysts' expectations. Meanwhile, the previous week's reading was revised down to 258,000 filings, fresh data from the US Department of Labour showed on Thursday.
In the United States, pending home sales dropped 3.7% on a monthly basis in May, following the 5.1% increase seen in the previous month, the National Association of Realtors announced on Wednesday. In the meantime, market analysts anticipated a decline of just 1.1% in the fifth month of the year.
West Texas Intermediate futures traded jumped 1.02% to trade at $48.34 per barrel, whereas Brent futures rose 0.60% to trade at $48.87 per barrel by 13:45 GMT on the New York Stock Exchange on Wednesday. In the meantime, gold prices grew 0.23% to $1,320.90 per troy ounce, and silver prices advanced 2.28% to $18.25 per ounce.
Wall Street opened higher on Wednesday, as investors started shaking off the jitters from the Brexit vote. The Standard & Poor's 500 Index gained 0.70%, opening at 2,050.84, whereas the Dow Jones Industrial Average Index jumped 0.27%, to start at 17,456.02, and the Nasdaq Composite Index increased 0.87% to open at 4,733.27 points.
The Personal Consumption Expenditures price index excluding food and energy grew 0.2% in May, in line with the market forecast and the previous month's reading, fresh numbers from the US Department of Commerce showed on Wednesday. Year-over-year, the index rose 1.6%, meeting analysts' expectations.
Consumer prices in Germany rose 0.1% month-over-month in the sixth month of the year, following the previous month's 0.3% reading and falling behind the 0.2% market forecast. On an annual basis, the CPI came in at 0.3% in June, up from May's 0.1% increase and in line with analysts' expectations.
Major US stock markets opened higher on Tuesday, recovering from post-Brexit losses. The Standard & Poor's 500 Index jumped 0.68%, starting at 2,014.20, whereas The Dow Jones Industrial Average Index advanced 0.72% to open at 17,263.79, and the Nasdaq Composite Index gained 1.14% to start the session at 4,646.95 points.
The Bank of England has injected £3.1bn of funds into the country's banking system as a response to the UK's decision to leave the EU. The liquidity injection was the third and last planned boost designed to reduce the panic and calm the internal lending market. Previously, the BoE had injected £2.45bn and £317m of funds on June 14 and
The measure of consumer confidence in France fell to 97 points for the month of June, down from 98 reached last month, the highest result in nine years. The decline in French consumer sentiment came as the consequence of approaching general elections, which will be held next summer, and political instability that comes with it.
The Standard & Poor's/Case-Shiller 20-City Home Price Index jumped to 186.6 points on a non seasonally adjusted basis in April, above the previous month's upwardly revised reading of 184.6, but slightly below the 186.7 market forecast, according to fresh figures released by S&P Dow Jones Indices on Tuesday.
Today, the Honk Kong's Hang Seng Index dropped 0.3%, marking the third day of declines in a row, as investors are anxious about the global financial outlook and uncertainty created by Britain's decision to leave the EU last Thursday. The shockwave from ‘Brexit' continues to echo across world markets, with Wall Street seeing its poorest two-day performance in 10 months.
The US Gross Domestic Product expanded at an annual rate of 1.1% in the Q2 2016, compared to the 0.8% increase reported earlier and the 1.0% market forecast, according to the third estimate released by the Bureau of Economic Analysis on Tuesday. In the meantime, the GDP Price Index was revised down to 0.4% from 0.6%.
The US trade deficit widened to $60.6 billion in May, following the 57.5 billion gap seen in the previous month and surpassing the 59.4 market forecast, fresh figures from the Department of Commerce showed on Monday. The country's exports dropped 0.5% to $119 billion, whereas imports grew 1.4% to $179.6 billion last moth.
West Texas Intermediate futures dropped 2.14%, trading at $46.62 per barrel, whereas Brent futures declined 2.13%, trading at $47.38 per barrel by 14:25 GMT on the New York Stock Exchange on Monday. Meanwhile, gold prices rose 0.61% to $1,330.50 per troy ounce, and silver prices grew 0.20% to $17.825 per ounce.
Major US equity markets opened in the negative territory on Monday amid post-Brexit financial uncertainty. The Standard & Poor's 500 Index dropped 0.70% to 2,023.05, whereas the Dow Jones Industrial Average Intex declined 0.81% to open at 17,259.23, and the Nasdaq Composite Index fell 0.94% to start at 4,663.88 points.