Manufacturing PMIs Signal Global Industry Rebound in 2Q -- Market Talk

The latest manufacturing PMIs suggest the global industry recovery has gathered momentum so far in 2Q and price pressures have risen.

WSJ20:42 ET

UK Spending Growth Slowed in May on Rising Bills, Poor Weather

Shoppers in the UK pared back spending last month as higher household bills and poor weather drove them away from high streets.

BNN Bloomberg19:25 ET

European Central Bank's interest rate decision ahead of the euro outlook: technical analysis of EUR/USD, EUR/CHF.

The euro/US dollar benefited from a weakened US dollar, and is expected to rise further if US data disappoints; Swiss Franc is supported by the inflation comments from Swiss National Bank Chairman Jordan.

FX678 Finance13:21 ET

The final value of the Eurozone's manufacturing PMI in May was slightly revised down, but it still hit a 14-month high.

The contraction rate of Eurozone manufacturing has slowed for the third consecutive month, and production activities are approaching stability. In addition, the contraction of new orders, exports, and purchasing activities has also slowed, and business confidence has further increased. According to the HCOB report published by S&P Global on Monday, the final value of the Eurozone manufacturing PMI in May was 47.3, down 0.1 percentage point from the initial value of 47.4, but still a 14-month high, compared to 45.7 in April. The manufacturing business climate is still declining, but the degree of decline has dropped to the lowest level in more than a year. The output index in May rose to 49.3, also a 14-month high, indicating that production continues to trend towards stability.

wallstreetcnJun 3 07:00 ET

In May, the United Kingdom's manufacturing PMI returned to the expansion range, and factory prices reached their largest increase in a year.

According to a survey released on Monday, the United Kingdom's manufacturing industry resumed growth last month after a long period of slowdown, but rising prices by businesses may make the Bank of England cautious about cutting interest rates.

Zhitong FinanceJun 3 06:54 ET

Sterling May Fall If BOE Eases Rates More Than Forecast -- Market Talk

Sterling could weaken in 2025 if the Bank of England cuts interest rates more than the market currently forecasts, Unicredit Research says.

WSJJun 3 06:42 ET