United States: manufacturing indices and construction on the program

Posted 01 July, 2022

On the economic front on Wall Street this Friday, the final Markit PMI manufacturing index for the month of June 2022 will be released at 3:45 p.m. (consensus 52.4 according to FactSet), while the ISM manufacturing index for the same month will be revealed at 4 p.m. ( consensus 55). Construction spending for the month of May will be announced at 4 p.m. (consensus +0.3% compared to the previous month). Traders will probably watch the manufacturing price index-linked to the ISM more than usual.

The morning was also marked by the publication of the final European PMI manufacturing indices. The Spanish manufacturing PMI slightly beat expectations at 52.6 in June, as did the Italian index at 50.9. The French index stood at 51.4, against the FactSet consensus of 51. The German indicator was 52, in line with expectations. Finally, the European indicator remained close to expectations at 52.1.

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01 July, 2022 10:46

Aluminum prices fall to lowest since June 2021 →

Aluminum is falling in price on Friday by almost 1.5%, its price has fallen below 2.4 thousand dollars, which is the lowest since June 2021, according to trading data.

Aluminum prices fall to lowest since June 2021
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