latest updates
- Latest 11:05: UK Markit Composite PMI Flash JUN 47.6 (Vs 30 In May)
- 12:38 : Lunchtime Update - Equity Markets Move Higher
- 14:41: US Market Open - Nasdaq Up 1.22%
- 14:46: US PMI Data
- 15:34: Royal Caribbean Cruises Extend Sailing Suspension
- 15:40: US Stock Movers
- 16:32: European Markets Close Green For The Day
Latest
11:05
UK Markit Composite PMI Flash JUN 47.6 (Vs 30 In May)
Good morning traders, we had an eventful overnight session with Trump trade adviser Peter Navarro announcing the trade deal between the US and China was “over,” which saw a dip lower in markets. Shortly after, President Trump tweeted that the deal is “fully intact”. Navarro then retracted his statement claiming that it was taken out of context. Equities in the overnight Asia session were green across the board with the Nikkei up by 0.9%.
So far this morning… EUROZONE Markit Manufacturing PMI Flash JUN 46.0 (Vs 39.4 In May).
EUROZONE Markit Services PMI Flash JUN 47.3 (Vs 30.5 In May)
EUROZONE Markit Composite PMI Flash JUN 47.5 (Vs 31.9 In May)
UK Markit/CIPS Manufacturing PMI Flash JUN 50.1 (Vs 40.7 In May)
UK Markit/CIPS UK Services PMI Flash JUN 47 (Vs 29.0 In May)
UK Markit Composite PMI Flash JUN 47.6 (Vs 30 In May)
Looking ahead we have US PMI’s at 2:45 pm.
Today
12:38
Lunchtime Update - Equity Markets Move Higher
Here is your lunchtime update-
European equities are green across the board so far today with the DAX the biggest mover:
FTSE 100 +1.08%, 6,349
DAX +2.63%, 12,584
EURO STOXX 50 + 1.66%, 3,313
In FX markets the USD is weaker across the board, with only the GBP and JPY down against the currency.
Today
14:41
US Market Open - Nasdaq Up 1.22%
US markets have all opened strongly with the Nasdaq leading the way up by 1.2%.
Nasdaq +1.22%, 10,130
S&P 500 +0.85%, 3,144
Dow Jones Industrial Average +0.94% 26,285
Spot gold has also broken higher above the strong $1760 level, trading at $1766.
In FX markets the USD continues to weaken with the EURUSD now trading at 1.1326.
Elsewhere the CBOE Volatility Index (VIX) has hit its lowest level since the 10th of June.
Today
14:46
US PMI Data
US Markit Manufacturing PMI Flash at 49.6 (vs 39.8 in May)
US Markit Services PMI Flash June at 46.7 (vs 37.5 in May)
US Markit Composite PMI Flash June 46.8 (vs 37 in May)
Today
15:34
Royal Caribbean Cruises Extend Sailing Suspension
Royal Caribbean Cruises have announced an extension of its sailing suspension through till Sept 15th 2020.
Canada sailings will be suspending until October 31st 2020.
Today
15:40
US Stock Movers
Here are some of the biggest US stock movers so far today:
Gainers
Translate Bio (NASDAQ:TBIO) +42.42%
Kitov Pharma Ltd (NASDAQ:KTOV) +52.54%
Urban One Inc (NASDAQ:UONE) 22.68%
Losers
Sunesis Pharmaceuticals (NASDAQ:SNSS) -38.05%
Hertz Global Holdings (NYSE:HTZ) -18.21%
Luckin Coffee (NASDAQ:LK) -17.30% (have been sent another de-listing notice)
Today
16:32
European Markets Close Green For The Day
A solid day for European equity markets:
DAX + 2.3%
FTSE 100 +1.3%
EURO STOXX 50 + 1.9%
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