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Prior 45.7That's a decent revision higher but still reaffirms a contraction in France's manufacturing sector towards the end of Q2. The recent protests are also going to factor into the hard data surely, especially in the services sector so there is that to consider....

Prior 45.9That's a bit of a bummer as Italy's manufacturing shrinks at its steepest rate since Covid lockdowns. And that highlights further the deterioration in demand conditions throughout the region towards the end of Q2. HCOB notes that:"The recession in Italian...

Prior 43.2Swiss manufacturing conditions improved in June but it still marks a contraction towards the end of Q2. This is the sixth month running that the reading runs below the 50.0 threshold as production remains in decline while a reduction in the order backlog...

Eurostoxx +0.4%Germany DAX +0.3%France CAC 40 +0.3%UK FTSE +0.3%Spain IBEX +0.6%This follows up on the strong gains on Friday, which helped to solidify a good month for European equities. There was a bit of a scare during the third week of June (two weeks ago) but the...

Prior 48.4Despite the reading being higher than estimates, it still marks a further contraction in Spain's manufacturing sector as it is lower than May. Worsening demand conditions continue to weigh as downturns in output and new orders were both sustained. HCOB notes...

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That translates to a 25 bps rate hike in July and one more after in September. It will definitely come down to the data but after seeing the June inflation figures here, there is reason to believe that price pressures will remain sticky beyond the summer. And that...

UPCOMING EVENTS:Monday: US Holiday Early Close, Swiss CPI, US ISM Manufacturing PMI.Tuesday: US Independence Day, RBA Policy Decision.Wednesday: China Services PMIs, FOMC Meeting Minutes.Thursday: EZ Retail Sales, US ADP, US Jobless Claims, US Job Openings, US ISM...

And just like that, we're past the halfway point in 2023 already. While month-end and quarter-end might have made things a little dicey towards the end of last week, we can now move on from that and continue to keep the focus on the balance between inflation, the...

It's a brand new week, month, quarter, half-year for markets but this is a bit of a familiar story. It is one that we already went through during October last year, with just a different handle for USD/JPY. The pair is up 0.2% today to 144.60 and all eyes are...

Thierry Breton is the current Commissioner for Internal Market of the European Union.He said the European Union will deepen cooperation with Japan on semiconductorsmove to strengthen control over the technology"We believe that it's extremely important to secure the...

It was an active session for economic data with the focus on China’s second manufacturing PMI. Last week we had the official PMIs, from China’s National Bureau of Statistics (NBS). The official manufacturing PMI stayed in contraction for its third consecutive month....

I posted earlier on Murray Watt, Australia's agriculture minister's remarks on the heavy going in negotiations of a Free Trade Agreement with the European Union:His remarks were over the weekend to local public broadcaster ABC. He also had very brief comments on his...

China June Caixin Manufacturing PMI comes in at 50.5expected 50.2prior 50.9Last week we had the official PMIs, and manufacturing remained stuck in contraction:China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National...