The headline seasonally adjusted final IHS Markit/CIPS UK Services PMI Business Activity Index posted 47.1 in June, up sharply from 29.0 in May and the highest for four months. This compared with the earlier 'flash' figure of 47.0 in June. The data did little to influence the British pound or provide any meaningful impetus to the GBP/USD pair. Source : FXstreet

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RECENT NEWS

U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen. Sales soared 17.7% from the prior month, the most in data going back to 1992, following a revised 14.7% slump in April, according to Commerce Department data issued Tuesday. The median...

The Office for National Statistics (ONS) showed on Tuesday, the UKs official jobless rate remained unchanged from the previous 3.9% in April, while the claimant count change showed a much bigger-than-expected increase last month. The number of people claiming jobless benefits rose by 528.9K in May, against expectations +370K and +1032.7K (revised down from +856.5K) seen previously. The...

U.S. consumer sentiment climbed in early June by the most since 2016 as more states began to reopen their economies and employers restored jobs. The University of Michigans preliminary sentiment index increased 6.6 points to 78.9, according to data Friday. The median projection in a Bloomberg survey of economists called for a gain to 75. Even with the improvement, the gauge remains...

U.S. consumer prices declined in May for a third straight month as the coronavirus-induced recession continued to depress demand. The consumer price index declined 0.1% from the prior month after a 0.8% drop in April that was the biggest decline since 2008, Labor Department figures showed Wednesday. The gauge increased 0.1% from a year earlier following a 0.3% gain in the...

America labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic. Nonfarm payrolls rose by 2.5 million after a 20.7 million tumble the prior month that was the largest in records back to 1939, according to Labor Department data Friday. The jobless rate fell to 13.3% from...

As business reopenings picked up nationwide, Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing -- though far from a halt -- in job losses. Initial jobless claims for regular state programs totaled 1.88 million in the week ended May 30, Labor Department figures showed Thursday, down from 2.13 million the prior week. It was the first...

U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the economy could take years to recover from the devastation caused by the COVID-19 crisis. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing activity index rose to a reading of 45.4 last month from 41.8 in April,...

Private-sector employment shed a total of 2.76 million jobs in May, Automatic Data Processing Inc. reported Wednesday. The gain was well below forecasts from economists surveyed by Econoday who expected a loss of 8.66 million. In April, the private sector shed 19.56 million jobs. Small employers lost 435,00 jobs in May. Mid-sized companies shed 722,000 jobs. And large businesses, with 500...

ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The...
UNITED STATES
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
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EUROPE
German Services Hold Up Output as Manufacturers Struggle
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GLOBAL ECONOMY
First Phase of US-China Trade Deal Announced
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