China’s (FXI) trade surplus saw a rise in May 2017 as compared to the previous month.
Exports from China stood at $191.0 billion in May 2017, a moderate increase of about 8.7% as compared to the corresponding period last year.
In the early hours on Wednesday, the US Dollar Index is slightly weaker. At 5:45 AM EST on June 14, the US Dollar Index was trading at 96.99—0.01% higher.
The Markit Russia manufacturing PMI increased to 52.4 in May 2017 compared to 50.8 in April 2017.
The Markit Mexico Manufacturing PMI rose to 51.2 in May 2017 compared to 50.7 in April 2017.
The Markit Greece Manufacturing PMI advanced to 49.6 in May 2017 compared to 48.2 in the previous month.
The Nikkei manufacturing PMI in Indonesia (IDX) dropped to 50.6 in May 2017 compared to 51.2 in April 2017.
The Nikkei Manufacturing PMI in India dropped to 51.6 in May 2017 compared to 52.5 in April 2017.
Buying activity in Brazil has experienced its strongest growth in the last three years, and the rate of job cuts remained at its lowest point over the last couple of years.
China’s (FXI) economic activity slowed down in May 2017 as the country’s manufacturing activity touched its 11-month low.
The global manufacturing sector seems to be slowing down, reflected in the May 2017 manufacturing PMI’s three-month low. Global economic activity had experienced an uptrend since 4Q16.
After gaining some strength last week, the US Dollar Index was stable on June 12. The US Dollar Index is slightly weaker in the early hours on Tuesday.
The S&P 500 ended last week with dented sentiment amid the sell-off in the technology sector. The sector carried the same weak sentiment into this week.
After losing momentum last week, the United Kingdom’s FTSE 100 Index started this week on a weaker note. The technology sector weighed on global markets.
After regaining strength last week, China’s Shanghai Composite Index pulled back on Monday and started the week on a weaker note.
The Japanese yen (FXY) ended last week at 110.30 against the US dollar (UUP) and close to the previous week’s close of 110.42.
The FOMC (Federal Open Market Committee) will be the focus this week as its members meet on Wednesday, June 14, 2017, to decide on the US rate policy.
The euro (FXE) closed the week at 1.1196 to the US dollar (UUP), posting a 0.76% loss compared to the previous week.
Britain had a shocker last week as a hung parliament outcome in the snap elections will likely keep political uncertainty intact.
Bond yields of U.S. Treasuries managed to recover from the losses of the previous week. Demand for US bonds receded.