S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
U.S. ISM Manufacturing (June)
- ISM Index: 53.3 (Expected: 54; Previous: 54)
- ISM – Manufacturing Employment: 49.7 (Previous: 48.6)
- ISM – Prices Index: 73 (Expected: 79; Previous: 82.1)
- ISM – New Orders in Manufacturing: 56 (Previous: 56.8)
- Manufacturing PMI: 53.9 (Expected: 55.7; Previous: 55.1)
- Construction spending: 0.1% (Expected: 0.1%; Previous: 0.4%)
Weak U.S. manufacturing data is reinforcing the deteriorating sentiment toward the American economy and the U.S. dollar. After the ADP release and the PMI reading came in below expectations, the ISM manufacturing data was also disappointing. What stands out most is the sharp drop in the prices index, which, against the backdrop of rising inflation, may signal weakening demand in the manufacturing sector. The only positive is manufacturing employment, which increased, although it still remains below the neutral level (50 points).
EURUSD (M1)
After declines triggered by the Fed Chair’s speech, the data release prompted a shallow correction. Source: xStation5.
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