U.S.: Manufacturing Pickup Signals Boost to U.S. Economic Growth American factories powered up in June at the fastest pace in nearly three years, with robust advances in production, orders and employment that indicate a firming in the economy, data from the Institute for Supply Management showed Monday. HIGHLIGHTS OF ISM MANUFACTURING (JUNE) Factory index rose

JMMB Group Limited (JMMBGL) has advised that a total of 370,916 JMMBGL shares held by the JMMB Employee Share Ownership Plan (ESOP) were sold on June 27, 2017.

Europe: Euro-Area Manufacturing Accelerates as Orders Fuel Optimism Euro-area manufacturing expanded at the strongest pace in over six years as factories across the region took on more workers to deal with surging orders. A Purchasing Managers’ Index climbed to 57.4 in June, up from 57.0 in May and above a June 23 flash estimate, IHS

U.S.: Tepid U.S. Consumer Spending Keeps Economic Rebound On Track The tepid pace of U.S. consumer spending in May is nevertheless enough to keep the economy on track for a rebound in the second quarter, helped by income gains, Commerce Department figures showed Friday. HIGHLIGHTS OF PERSONAL INCOME AND SPENDING (MAY) Purchases rose 0.1% from

U.S.: Jobless Claims Tick Up as U.S. Labour Market Remains Tight The U.S. labour market is still signalling progress even with an increase in filings for unemployment benefits last week, Labour Department figures showed Thursday. HIGHLIGHTS OF JOBLESS CLAIMS (WEEK ENDED JUNE 24) Jobless claims rose by 2k to 244k (forecast was 240k); remain near

Europe: Euro, bond yields drive higher on ECB scale-back bets The euro hit a 1-year high on Wednesday and German 10-year Bund yields continued to rise after doubling the previous day, as bets grew that the European Central Bank is readying to scale back its 2-trillion-euro stimulus programme. It was a lively European session. The

U.S.: IMF Cuts U.S. Outlook, Calls Trump's Growth Target Unlikely The International Monetary Fund cut its outlook for the U.S. economy, removing assumptions of President Donald Trump’s plans to cut taxes and boost infrastructure spending to spur growth. The IMF reduced its forecast for U.S. growth this year to 2.1 percent, from 2.3 percent in

U.S.: Slowdown in U.S. Business-Equipment Orders May Weigh on Growth An unexpected decline in U.S. orders for business equipment in May indicates cooling capital-goods investment may weigh on second-quarter economic growth, Commerce Department data showed Monday. HIGHLIGHTS OF DURABLE GOODS (MAY) Orders for non-military capital goods excluding aircraft fell 0.2% (est. 0.4% gain) after 0.2%

U.S.: Jobless Claims Show Tight U.S. Labour Market Even With Increase The slight gain in filings for U.S. unemployment benefits last week is still consistent with a resilient job market, Labour Department figures showed Thursday. HIGHLIGHTS OF JOBLESS CLAIMS Initial jobless claims increased by 3k to 241k (forecast was 240k); 43-year-low of 227k was reached

Europe: ECB Sees Trump Administration as Key Risk to Global Economy The European Central Bank cited the government of U.S. President Donald Trump as a key reason why the risks to the global economy remain tilted to the downside. The Frankfurt-based ECB said in an article from its Economic Bulletin on Wednesday that while some