UK S&P Global Services PMI Final (May) 49.3 vs. Exp. 47.9 (Prev. 52.7)

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[MARKET ANALYSIS] Crude rebounds as US and Iran’s flare-up ripples through the Middle East

[MARKET UPDATE] USD/JPY marks fresh session low as BoJ Governor Ueda speaks

UK S&P Global Services PMI Final (May) 49.3 vs. Exp. 47.9 (Prev. 52.7)

Israeli Military says that sirens have been sound in Northern Israel due to a "hostile aircraft infiltration’

China Retail Passenger Vehicle Sales Prelim. (May) M/M +12% (prev. -15%); Y/Y -20% (prev. -20%)

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  • Hospitality and transportation sectors typically commented on squeezed discretionary spending and pressure from sharply rising input costs, while professional services firms reported a setback from rising risk aversion among clients. 
  • Business investment spending on technology services remained a bright spot for parts of the service economy.

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