TNS Global Flash – 2 July 2014 +America Digest+ U.S. stocks jumped on Tuesday, as data showed expansion in U.S. manufacturing and better-than-expected sales for major U.S. automakers. - U.S. ISM manufacturing PMI declined to 55.3 unexpectedly in June. Macro Update - U.S. pending home sales climbed 6.1% to an eight-month high in May. +Europe Digest+ European stocks leapt Tuesday, logging their best performance in two months, as better than the expected of unemployment rate in Eurozone. - Eurozones unemployment rate steadied at 11.6% in May. Macro Update - U.K. manufacturing PMI rose to 57.5 more than the expectation in June. +Asia Digest+ Asian markets closed mostly in the green after data showed an expansion in Chinese manufacturing activity. - China’s official manufacturing PMI rose to 51.0 in June, in line with market expectations. - China’s manufacturing PMI rose to 50.7 less than the preliminary estimate but more than the previous month at 49.4, indicates HSBC/Markit. Macro Update - The Reserve Bank of Australia kept its benchmark interest rate unchanged at 2.5%, in line with market expectations. +Commodities Digest+ - Gold prices traded mixed to close at 1,326.20 after soft US economic data boosted demand for gold as a safe haven asset. - WTI and Brent crude oil traded flat to close at 105.34 and 112.29 as traders look ahead to the release of weekly crude oil inventory reports. For full report, please contact TNS Global Trading. TNS Global Trading Connecting the World Email: [email protected] Tel: 02-217-8780-1
Posted on: Wed, 02 Jul 2014 04:21:10 +0000
Trending Topics
© 2015