07:30 Switzerland Manufacturing PMI June 52.2 52.5 51.9
07:50 France Manufacturing PMI (Finally) June 48.3 48.3 48.4
07:55 Germany Manufacturing PMI (Finally) June 48.7 48.7 48.6
08:00 Eurozone Manufacturing PMI (Finally) June 48.7 48.7 48.8
08:30 United Kingdom Purchasing Manager Index Manufacturing June 51.5 Revised From 51.3 51.3 52.5
08:30 United Kingdom Net Lending to Individuals, bln May 1.4 1.4 1.0
08:30 United Kingdom Mortgage Approvals May 53.7 55.8 58.2
09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) June +1.4% +1.6% +1.6%
09:00 Eurozone Unemployment Rate May 12.0% Revised From 12.2% 12.3% 12.1%
European currency rose against the dollar and the yen after the manufacturing activity in the euro zone in June continued to decline, although the rate of decline was the lowest in nearly half a year. According to data released by the company Markit, an indicator of manufacturing activity in June rose to 48.8 compared to 48.3 in May. Previously provided guidance assumed a slightly smaller increase. A value below 50 indicates a contraction of manufacturing activity from the previous month, but the current figure shows the least negative dynamics over the last 16 months.
At the same time, the unemployment rate in the euro zone rose to 12.1%. Value of the index in the previous month was revised from 12.2% to 12%. The result was better than the forecasts of experts who expected an increase in unemployment in May to 12.3%. During the month, the number of unemployed increased by 67 million to 19.2 million Youth unemployment was 23.8%. It was a drop in the unemployment rate in the monetary union's largest economy - Germany - to 5.3% from 5.4%, in France, unemployment remained at 10.4%. Unemployment in Italy reached a record: the end of May of this year rose to 12.2%. The maximum level of unemployment in the eurozone was recorded in Spain: 26.9% compared to 26.8% in April.
Also, the data released on inflation in the euro area. Basic Eurozone CPI at 1.2% coincided with the previous result, and the CPI met expectations at 1.6%.
The pound rebounded to positive statistics from Britain. Purchasing Managers Index (PMI) for the manufacturing sector, which is calculated by Markit and the Chartered Institute of Purchasing & Supply, in June rose to 52.5, its highest level since May 2011, against 51.5 in May. Initially it was reported that in May, the index was 51.3. The data beat expectations of economists who predicted that in June, the index remains at 51.3.
The Bank of England showed that the number of mortgage approvals in the UK in May rose to 58,242 from 54,354 in April. This is the highest monthly figure since December 2009. At the same time, net lending to individuals fell to £ 1 billion against the forecast of £ 1,4 billion
EUR / USD: during the European session, the pair rose to $ 1.3059
GBP / USD: during the European session, the pair dropped to $ 1.5182 and then rose to $ 1.5247
USD / JPY: during the European session, the pair rose to Y99.74
At 14:00 in the U.S. ISM manufacturing index will be released in June. At 23:50 Japan will release the volume change of the monetary base in June.
Canada Celebrates Canada Day.
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