EU S&P Global Composite PMI Final (Jun) 50.0 vs. Exp. 49.5 (Prev. 48.5, Low. 47.7, High. 49.5)
The FT writes that the number of shipping traversing the Strait of Hormuz has increased to around eight per day, citing maritime data platform Signal
[MARKET ANALYSIS] European equities print decent gains, following the rebound in the KOSPI
EU S&P Global Composite PMI Final (Jun) 50.0 vs. Exp. 49.5 (Prev. 48.5, Low. 47.7, High. 49.5)
German S&P Global Services PMI Final (Jun) 48.6 vs. Exp. 46.8 (Prev. 48.1, Low. 46.8, High. 48.1)
A few Japanese aluminium buyers have reportedly agreed with global producers to pay premiums of USD 395/t for July-September shipments
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- "An easing of downturn in eurozone service sector business activity during June is welcome news and, in conjunction with manufacturing growth, means the wider economy has stabilised after two months of falling output."
- "The near-unprecedented cooling of cost pressures will take the heat out of some of the more hawkish views among ECB policymakers, reducing the odds of further rate hikes in the near future as rate setters await greater clarity of growth prospects and, most importantly, how rapidly price pressures are fading."
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