UK PMI Manufacturing dropped from 55.8 to 54.6 in May, below expectation of 55.1, hitting a 16-month low. PMI Services dropped sharply from 58.9 to 51.8, well below expectation of 57.3, a 15-month low. PMI Composite dropped from 58.2 to 51.8, also a 15-month low. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence […]
The post UK PMI manufacturing dropped to 54.6, services collapsed to 51.8 appeared first on Action Forex.
Kevin Warsh’s journey to be the next chair of the Federal Reserve — shadowed by President Donald Trump’s fervent wish for lower interest rates — now faces new legal and political roadblocks. The result: Fed Read more…
President Trump and his administration argue every day that the U.S.-Israel campaign against Iran is succeeding, and succeeding every way possible. Except in the markets and at gas pumps across the United States where motorists Read more…
Ed Yardeni foresees gold having a long runway ahead. Despite the recent sluggishness, the veteran strategist believes the shiny yellow metal has the potential to reach $6,000 an ounce by the end of 2026 (a Read more…