ISM Manufacturing figures for June from the United States have just been released. The data came in slightly below forecasts as the headline number stood at 60.6 against the consensus estimate of 61.0. Other key indices came in as follows:
-
ISM Manufacturing New Orders: 66.0 (previously: 67.0)
-
ISM Manufacturing Prices: 92.1 (previously: 88.0)
-
ISM Manufacturing Employment: 49.9 (previously: 50.9)
Meanwhile, US500 is hovering around 4,300 pts, adding slight gains. US100 and US2000 are now trading flat. The reaction on the FX market shortly after the release is muted. EURUSD was unable to break above 1.1883 and the US dollar strengthened against the euro a bit. The main currency pair is currently trading near 1.1870.
Strong US macro data 🗽 Industrial production and prices rise
Chart of the Day: NATGAS - Are there chances for a seasonal rebound amid warm weather?
Economic Calendar - Final Eurozone CPI Inflation, US Manufacturing, and Regional Bank Earnings
Morning Briefing: Warsh's silence on interest rates. AI debt fears cooled sentiment, but a rebound is visible