German S&P Global Composite PMI Flash (Jun) 48.0 vs. Exp. 49.9 (Prev. 48.8); "Most of the responses used in the calculation of the June flash PMI data were received prior to the signing of the US-Iran MoU"
Newsquawk Staff ·
- Inflationary pressures have started to ease off, with input costs rising at their slowest rate since just before the outbreak of the war in the Middle East
- The service sector continues to act as a notable drag on the economy, seeing rates of decline in both business activity and new work gather pace in June. We are yet to see any noticeable fallout from the Middle East war on the German labour market
Sources
- US EQUITY OPEN: Mag-7 earnings lead Tech and Indices lower as the Middle East situation remains fragile
- Infineum is exploring a USD 8bln sale, the FT reports
- Israeli PM Netanyahu says "I will inform [US President] Trump of what we intend to do, but I will not ask him for the green light to strike Iran", Al Arabiya reports
- [MARKET ANALYSIS] European bourses suffer from the risk tone in Asia, as Tesla's cut in spending plans reignite AI worries
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