Financial News

While ISM Services PMI remained above the 50 level, the report highlighted concerns about the slowing economy.

Highlights Industrial producer prices fell in April 2023 but showed yearly growth. Energy sector experienced a significant decrease, while consumer goods saw modest increases. Prices varied across countries, with Hungary, Latvia, and Slovakia seeing the highest increases. Overview According to the latest estimates from Eurostat, the statistical office of the

Today’s stats raised more red flags, with activity growing at a slower rate. The ECB will have to consider the deteriorating macroeconomic environment.

It is a busy week ahead for the crypto market, with US lawmakers, economic indicators, and the SEC v Ripple case likely focal points for investors.

It is a busy week ahead. While the US ISM PMI is the key stat for the Fed, China trade and inflation numbers and stats from Germany will also move the dial.

It was a busy week for the crypto market. ETH staking inflows hit record highs, Fed fear subsided, and the US narrowly avoided a Monday default.

U.S. dollar is mostly flat against a broad basket of currencies, while gold is testing the support at $1965.

May nonfarm payrolls impressively surpassed expectations amidst challenges, with the unemployment rate steady at 3.7%, just above 1969’s low.

French industrial production increased by 0.8% in April. However, a fall in the production of motor vehicles and food & beverages will draw interest.

The activity in the manufacturing sector contracted for the seventh consecutive month as high interest rates put pressure on businesses.

U.S. labor market surprises with strong job growth in May, beating estimates and indicating resilience.

German Manufacturing PMI numbers for May sent a gloomy signal, with new orders tumbling to fuel economic uncertainty,

This morning the China Caixin Manufacturing PMI supported riskier assets. A return to growth was key following the disappointing NBS numbers.

Salesforce beats earnings and revenue estimates, but stock price falters on higher capital costs.

The probability of a 25 bps rate hike at the next Fed meeting increased from 54.8% to 69.9% after the release of the report.

ECB warns that higher interest rates are testing the resilience of households, companies, and property markets, increasing the risk of disorder.

Turkey’s economy remains exposed to a disorderly adjustment following President Recep Tayyip Erdoğan’s election victory, putting pressure on the lira and the country’s external accounts.

It was a busy morning, with China private sector PMI and Australian inflation numbers in focus. A deeper contraction in the manufacturing sector will be a concern.

HP’s Q2 revenue of $12.91B falls short as PC market slowdown and reduced demand affect global PC shipments.

SP500 is mostly flat today as traders wait for additional catalysts.