Previous Trading Days Events 03.07.2024

The U.S. services sector activity slumped to a fouryear low in June amid a sharp drop in orders. The Institute for Supply Management said its nonmanufacturing purchasing managers PMI index dropped to 48.8 last month, the lowest level since May 2020, from 53.8 in May. 

The PMI fell below the 49 level that the ISM, though, says it generally indicates an expansion of the overall economy. The surveys business activity measure dropped to 49.6, the first contraction since May 2020, from 61.2 in May.

Services inflation slowed a bit last month. The ISMs prices paid measure for services inputs slipped to 56.3 from 58.1 in May. 

Source httpswww.reuters.commarketsususservicesectorsagsjuneorderssink20240703

Winners vs Losers

Metals stayed on the top this week with rising gains of 3.71 for Silver and 1.13 for Gold. This morning the JPY strengthened unexpectedly but not enough to push the pairs away from the top. The U.S. dollar weakened. 

News Reports Monitor Previous Trading Day 03.07.2024

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No important news announcements, no important scheduled releases.

Morning Day Session European and N. American Session

Services PMI releases

Eurozone Services PMIs

Spains services sector continued to expand at an aboveaverage pace in June. Positive demand from both domestic and external clients took place. Firms added to their staffing levels at a significant rate….