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Slightly higher German PMI revision has little impact on DAX- still edging back from earlier highs
The Italian and French June Manufacturing PMI data was revised ever so slightly higher a short while ago (by just 0.1 in both cases), that was versus forecasts for lower revisions, slightly countering the earlier lower revision from Spain. However, that did not stop the DAX and the CAC 40 falling back from their earlier highs. The EUR/USD did not rebound on those reports either. The German PMI revision has just now hit the screens and of course that is the big one as far as Europe is concerned. This has also actually been revised higher by 0.1 but that has not had any positive impact yet. Perhaps it will not either as 43.5 is hardly anything to shout positively about. Earlier the DAX had traded to a high, at 18,460. It is just now falling, to test 18,300
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
