Manufacturing PMI 51.6 vs 51.4 prelim Prior 52.2 Euro area manufacturing activity slows down in May as the stockpiling surge from April begins to fade. The headline manufacturing index is a two-month low with the output index dropping to a four-month low in May. That comes as demand conditions take a hit amid rising price […]
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China’s manufacturing sector growth softened in May, while inflationary pressures showed signs of easing, survey data from S&P Global revealed Monday. The headline RatingDog manufacturing Purchasing Managers’ Index fell to 51.8 from 52.2 seen in April. The indicator has remained above the 50.0 no-change mark for the sixth straight month in May.Demand for manufactured goods
I think that pretty much sets the tone of what we can expect this week. That being another week where we go back and forth on the same issues awaiting both sides to strike a compromise, just so that we can get on with the optics of a deal. Trump’s full tweet: “Iran really wants
Markets enter the new week balancing two major uncertainties: whether a proposed US-Iran ceasefire extension can evolve into a formal agreement, and whether incoming economic data will push the Federal Reserve closer toward another rate hike. Last week, investors aggressively embraced the peace trade. Oil prices collapsed, Treasury yields retreated, and equities surged as markets
Geopolitical developments keep markets on edge United States (US) equity markets extended their winning streak to close out Friday, the week and the month at fresh record highs. The rally was largely underpinned by growing optimism surrounding a potential 60‑day ceasefire extension between the US and Iran, a move that would pave the way to
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South Korea posted a seasonally adjusted merchandise trade surplus of $26.95 billion in May, Statistics Korea said on Monday.That beat expectations for a surplus of $24.30 billion and was up from $23.75 billion in April.Exports surged 53.2 percent on year, beating forecasts for an increase of 48.4 percent following the 48.0 percent jump in the
Flat capex in Q1 the headline data point, Disappointing. Japan Capital Spending Ex Software Q1: -1.4% y/y expected 5.4%, prior 7.3% Japan Company Sales Q1: 1.1% y/y Japan Company Profits Q1: 14.6% y/y expected 5.3%, prior 4.7% I’ll have more to come on this separately, details etc. Source link
Iranian President Pezeshkian has resigned (media sources), telling Supreme Leader Khamenei the IRGC had seized control of all major decisions and rendered elected civilian government unworkable. Treat this report with care, social media sources only at this stage. Iran’s government has denied it as ‘fake news’. Summary: Iranian President Masoud Pezeshkian resigned and addressed a
US Central Command has quietly guided around 70 commercial ships through the Strait of Hormuz over three weeks, averaging three daily, with vessels running dark to avoid Iranian detection. Summary: US Central Command has coordinated passage for approximately 70 commercial vessels through the Strait of Hormuz over the past three weeks, with ships turning off
I saw an interesting discussion in one of the equity investing and trading groups, and I thought it was worth turning into a broader educational note. The question was simple, but very important: If you are already holding DELL stock at a profit, is it better to sell, or should you move your stop higher
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MON: Global Manufacturing Final PMIs (May), South Korean Balance of Trade (May), German Retail Sales (Apr), Swiss Retail Sales (Apr), GDP (Q1), EZ Unemployment Rate (Apr), US ISM Manufacturing (May) TUE: NBP Policy Announcement (Jun), South Korean CPI (May), EZ HICP (May), JOLTs Job Openings (Apr), RCM/TIPP Economic Optimism, New Zealand Export/Import Prices (Q1) WED:
The dominant story across financial markets last week was not artificial intelligence, central banks, or economic data. It was a dramatic shift in expectations regarding the future of the US-Iran conflict. Investors increasingly embraced the view that the three-month war is moving toward a diplomatic resolution after reports emerged that negotiators had drafted a 60-day
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