Global Market Updates
05th July 2016
05th July 2016
1. America
•The 10-year Treasury note rose for a third day ahead of a U.S. jobs report that will offer clues as to the direction of the Federal Reserve’s next interest-rate move.
•The U.S. dollar index, which tracks the greenback against a basket of six rival currencies, edged down slightly to 95.626.
•The 10-year Treasury note rose for a third day ahead of a U.S. jobs report that will offer clues as to the direction of the Federal Reserve’s next interest-rate move.
•The U.S. dollar index, which tracks the greenback against a basket of six rival currencies, edged down slightly to 95.626.
2. Europe
•A European Union exit could cut Britain's gross domestic product by anywhere between 1.5 and 4.5 percentage points by 2019, IMF chief Christine Lagarde said.
•The number of businesses pessimistic about the UK economy over the next twelve months jumped to 49 percent in the week following the referendum from 25 percent before the vote outcome, according to a survey.
•A European Union exit could cut Britain's gross domestic product by anywhere between 1.5 and 4.5 percentage points by 2019, IMF chief Christine Lagarde said.
•The number of businesses pessimistic about the UK economy over the next twelve months jumped to 49 percent in the week following the referendum from 25 percent before the vote outcome, according to a survey.
3. Asia
•Activity in China's services sector rose to an 11-month high in June, The Caixin/Markit services PMI for June rose to 52.7 from 51.2 in May on a seasonally adjusted basis. Readings above 50 indicate an expansion on a monthly basis, while readings below signal contraction.
•Japan Nikkei Services PMI (June) +49.4 (prior +50.4), Composite 49.0 (previous +49.2). New business fell the fastest in almost five years, from 50.4 previously to 47.3 .
Services below 50 for the first time in two months.
•Activity in China's services sector rose to an 11-month high in June, The Caixin/Markit services PMI for June rose to 52.7 from 51.2 in May on a seasonally adjusted basis. Readings above 50 indicate an expansion on a monthly basis, while readings below signal contraction.
•Japan Nikkei Services PMI (June) +49.4 (prior +50.4), Composite 49.0 (previous +49.2). New business fell the fastest in almost five years, from 50.4 previously to 47.3 .
Services below 50 for the first time in two months.
4.Currencies
•The Indian rupee opened lower by 6 paise at 67.32/$ against US Dollar as against the previous close of 67.32/$.
•The dollar was down 0.4 percent at 102.09 yen, while the euro fell 0.7 percent to 113.63 yen.
•The Indian rupee opened lower by 6 paise at 67.32/$ against US Dollar as against the previous close of 67.32/$.
•The dollar was down 0.4 percent at 102.09 yen, while the euro fell 0.7 percent to 113.63 yen.
5. Commodities
• Spot gold was up 0.1 percent at $1,351.49 an ounce by 0052 GMT. The precious metal touched a peak of $1,357.60 an ounce in previous session, less than $1 below last month's high.
•Crude prices dipped in early trading , with Brent falling back below $50 per barrel as economic concerns took center stage with many analysts saying oil demand will stall later this year.
• Spot gold was up 0.1 percent at $1,351.49 an ounce by 0052 GMT. The precious metal touched a peak of $1,357.60 an ounce in previous session, less than $1 below last month's high.
•Crude prices dipped in early trading , with Brent falling back below $50 per barrel as economic concerns took center stage with many analysts saying oil demand will stall later this year.
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