The Canadian unemployment rate declined to 6.8% in the sixth month of the year, whereas analysts anticipated a rise to 7.0% in June from 6.9% seen in the previous month. In the meantime, the net change in employment dropped by 700 employees in the reported month, Statistics Canada said on Friday.
According to fresh figures released on Thursday, Canada's Ivey Purchasing Managers' Index jumped to 51.7 in sixth month of the year, after dropping to 49.4 points in May, its lowest level since April last year, whereas market analysts expected to see a slight increase to 51.0 points in the reported month.
The Department of Labor said on Thursday that the number of Americans filing for unemployment aid in the week ended July 7 dropped to 254,000, following the previous week's upwardly revised reading of 270,000, while analysts anticipated a slight decrease to 269,000 claims in the reported week.
Fresh figures from the Department of Labor showed on Thursday that private companies in the United States added 172,000 jobs in the sixth month of the year, following the May's reading of 173,000, whereas market analysts predicted private businesses to create 160,000 new jobs in the reported month.
UK manufacturing production contracted 0.5% month-over-month in May, after jumping 2.3% in April. Nevertheless, analysts anticipated a deeper contraction of 1.2%. On an annual basis, the indicator came in at 1.7% in the reported month, surpassing the 0.6% market forecast. Meanwhile, the country's overall industrial production dropped 0.5% on a monthly basis in May, following April's 2.1% and the 1.0%
West Texas Intermediate futures traded at $46.60 per barrel, unchanged from yesterday, whereas Brent futures dropped 0.25% to trade at $47.84 per barrel by 14:20 GMT on the New York Stock Exchange on Wednesday. Meanwhile, gold prices jumped 0.63%, trading at $1,367.30 per troy ounce, and silver prices rose 0.67%, trading at $20.04 per ounce.
The Institute for Supply Management's Purchasing Managers' Index for the non-manufacturing sector rose to 56.5 in June, following the 52.9 reading seen in the previous month, its lowest result since March 2014, whereas market analysts anticipated a meagre increase to 53.3 points in the reported month.
The US services sector continued its growth in the sixth month of the year, fresh data from Markit Economics revealed on Wednesday. The final Markit services Purchasing Managers' Index for the United States rose to 51.4 in June, whereas market analysts expected the country's services PMI to remain unchanged from the previous month's reading of 51.3 points.
According to fresh figures released by the US Census Bureau on Wednesday, the country's trade deficit widened to $41.1 billion in the fifth month of the year, following the $37.4 billion-gap see in the previous month, whereas market analysts expected the trade deficit to expand to $40.0 billion in the reported month.
Canada's trade balance increased less than expected in May, fresh figures from Statistics Canada showed on Wednesday. The country's trade balance rose to -$3.28 billion on a seasonally adjusted basis, whereas analysts anticipated the Canadian trade balance to increase to -$2.68 billion in May from April's -$2.94 billion.
West Texas Intermediate futures traded 2.98% lower at $47.53 per barrel, whereas Brent futures traded 2.69% lower at $48.75 per barrel by 12:20 GMT on the London Stock Exchange on Tuesday. Meanwhile, gold prices rose 0.83% to trade at $1,350.10 per troy ounce, and silver prices grew 1.34% to trade at $19.85 per ounce.
The final Markit services Purchasing Managers' Index for the Euro zone rose to 52.8 from the preliminary reading of 52.4, following the previous month's 53.3. Meanwhile, the final Eurozone composite PMI increased to 53.1, surpassing the preliminary reading of 52.8 but falling behind the 53.1 seen last month.
Fresh figures from Eurostat showed that Euro zone retail sales grew 0.4% on a seasonally adjusted month-over-month basis in May, meeting analysts' expectations and surpassing the 0.0% growth rate seen in the previous month. On an annual seasonally adjusted basis, retail sales rose 1.6% compared to April's 1.4%, whereas analysts anticipated an increase to 1.7%.
The final Markit services Purchasing Managers' Index for Germany rose to 53.7 in June, compared to the 53.2 preliminary reading but missing the previous month's 55.2. In the meantime, the country's final composite PMI increased to 54.4 in June from the preliminary reading of 54.1, following last month's 54.5 points.
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.