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Friday, 3 July 2020 15:57 WIB

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

RECENT NEWS
US NFP surges by 4.8 million in June, Unemployment Rate falls to 11.1%
Thursday, 2 July 2020 19:50 WIB | Ekonomi AS

Nonfarm Payrolls (NFP) in the US increased by 4,800,000 in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed May's increase of 2,699,000 (revised from 2,509,000) and came in better than the market expectation of 3,000,000. Further details of the publication revealed that the Unemployment Rate fell to 11.1% from 13.3% in May and the Labor Force Participation Rate improved to 61.5% from 60.8%. "The number of persons not in the labor force who currently want a job, at 8.2 million, declined by 767,000 in June but remained 3.2 million higher...

ADP Employment Change jumps to +2.36 million in June
Wednesday, 1 July 2020 19:33 WIB | Ekonomi AS

Employment in the US' private sector rose by 2,369,000 in June, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday. This reading followed May's decline of 3,065,000 (revised from -2,760,000) and came in worse than the market expectation for an increase of 3 million. Commenting on the data, ''Small business hiring picked up in the month of June,'' said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. ''As the economy slowly continues to recover, we are seeing a significant rebound in industries that once...

China June Factory Activity Quickens To Three-Month High: PMI
Tuesday, 30 June 2020 08:26 WIB | PMI China ekonomi China

China factory activity expanded at a faster pace in June, beating expectations, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but weak global demand is likely to be a drag on growth. The official manufacturing Purchasing Managers Index (PMI) rose to a three-month high of 50.9 in June from 50.6 in May, above the 50-point mark that separates growth from contraction on a monthly basis. Analysts had expected it to slow to 50.4. While most of the economy has reopened, many manufacturers are still struggling due to weak overseas...

U.S. Initial Jobless Claims Worse Than Forecast for Second Week
Thursday, 25 June 2020 19:55 WIB | Ekonomi AS Unemployment

The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases. Initial jobless claims in regular state programs fell to 1.48 million last week from an upwardly revised 1.54 million in the prior week, Labor Department data showed Thursday. Continuing claims, a closely watched figure that tracks the overall pool of recipients, declined by more than forecast to 19.5 million in the week ended June 13. Economists surveyed by Bloomberg News had forecast...

Euro zone downturn slows significantly in June, spurring hopes of an economic recovery
Tuesday, 23 June 2020 15:46 WIB | Ekonomi Eropa

The downturn in the euro zone continued to recover in June, according to data Tuesday, giving the latest indication of the regions economic health as it emerges from the coronavirus pandemic. Flash purchasing managers index (PMI) data ” measuring activity in both the services and manufacturing sector in the euro zone ” came in at 47.5 in June, up from a final reading of 31.9 in May. The 50-point mark separates contraction from expansion. Economists polled by Reuters had expected the flash June PMI to come in at 42.4. The 15.6-point rise was by far the largest in the survey...

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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 manufacturing purchasing...

UNITED STATES
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
Thursday, 6 June 2019 19:54 WIB

The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs even before negotiations with China unraveled and he...

EUROPE
German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB

Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services. A flash reading of the country's composite Purchasing...

GLOBAL ECONOMY
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB

A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will "have to go out and buy much larger tractors,"...