Posted at 03 June 2026 / Categories Market Roundups
Market Roundup
• HCOB Italy Services PMI (May): 49.4, 49.2 forecast, 49.8 previous
•HCOB Italy Composite PMI (May): 50.4, 50.5 previous
•HCOB France Services PMI (May): 44.3, 42.9 forecast, 46.5 previous
•HCOB France Composite PMI (May): 44.9, 43.5 forecast, 47.6 previous
•HCOB Germany Services PMI (May): 48.1, 47.8 forecast, 46.9 previous
•HCOB Germany Composite PMI (May): 48.8, 48.6 forecast, 48.4 previous
•HCOB Eurozone Services PMI (May): 47.7, 46.4 forecast, 47.6 previous
•HCOB Eurozone Composite PMI (May): 48.5, 47.5 forecast, 48.8 previous
•S&P Global UK Composite PMI (May): 49.7, 48.5 forecast, 52.6 previous
•S&P Global UK Services PMI (May): 49.3, 47.9 forecast, 52.7 previous
•Eurozone PPI (YoY) (Apr): 4.9%, 4.8% forecast, 2.0% previous
•Eurozone PPI (MoM) (Apr): 0.6%, 0.6% forecast, 3.4% previous
•US ADP Nonfarm Employment Change (May): 122K, 118K forecast, 105K previous
•Canada Reserve Assets Total (May): 126.9B, 126.7B previous
•Canada Labor Productivity (QoQ) (Q1): -0.5%, 0.3% forecast, -0.3% previous
•US S&P Global Services PMI (May): 50.7, 50.9 forecast, 50.9 previous
•US S&P Global Composite PMI (May): 51.5, 51.7 forecast, 51.7 previous
•US ISM Non-Manufacturing PMI (May): 54.5, 53.7 forecast, 53.6 previous
•US ISM Non-Manufacturing Employment (May): 47.9, 48.8 forecast, 48.0 previous
•US ISM Non-Manufacturing Prices (May): 71.3, 72.3 forecast, 70.7 previous
•US Factory Orders (MoM) (Apr): 4.8%, 4.6% forecast, 1.8% previous
•US Factory Orders Ex Transportation (MoM) (Apr): 1.3%, 1.8% previous
•US Durables Excluding Transport (MoM) (Apr): 1.1%, 0.9% previous
•US ISM Non-Manufacturing Business Activity (May): 57.7, 55.9 previous
•US ISM Non-Manufacturing New Orders (May): 57.3, 53.4 forecast, 53.5 previous
•US Durables Excluding Defense (MoM) (Apr): 8.1%, 8.1% forecast, -0.3% previous
•US Crude Oil Inventories: -7.974M, -2.900M forecast, -3.327M previous
Looking Ahead Economic Data (GMT)
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Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro dipped against dollar on Wednesday as Euro zone private sector activity shrank in May.Euro zone private sector activity shrank at the fastest rate in 18 months in May as waning demand for goods and services a key gauge of economic health dragged output lower for a second month while cost pressures hit their highest level in more than three years, a survey showed.The S&P Global Eurozone Composite PMI Output Index ?fell to 48.5 in May from April's 48.8, its lowest reading since November 2024, but above ?a preliminary estimate of 47.5. The headline services PMI edged up marginally to 47.7 from ?47.6, outperforming the 46.4 flash number. Immediate resistance can be seen at 1.1648(May 25th high), an upside break can trigger rise towards 1.1693(SMA 20).On the downside, immediate support is seen at 1.1577(23.6%fib), a break below could take the pair towards 1.1561(Lower BB).
GBP/USD: The British pound dipped against the dollar as investors remained focused on the conflict in the Middle East, and the impact a prolonged war would have on monetary policy.Talks to end the war remain at a stalemate, while hostilities flared again on Wednesday as an Iranian missile attack damaged Kuwait's airport and ?the U.S. military carried out strikes near the Strait of Hormuz. Britain’s greater reliance on imported energy leaves it more exposed than the United States to ?higher global fuel costs. While prices have eased from their late April highs, they remain significantly ?above their levels before the U.S.-Israeli attacks on Iran on February 28 that ignited the war. Immediate resistance can be seen at 1.3505(SMA 20), an upside break can trigger rise towards 1.3526(50%fib).On the downside, immediate support is seen at 1.3488(Daily low), a break below could take the pair towards1.3382(61.8%fib).
AUD/USD: Australian dollar eased on Wednesday after data showed Australia's Q1 economic growth missed expectations in the first quarter.Australia's economy slowed in Q1 as strong data-centre investment lifted imports, with growth likely to face further pressure from higher borrowing costs and fuel prices.Australian Bureau of Statistics data showed Q1 GDP rose 0.3%, slowing from 0.9% in the previous quarter and missing the 0.5% forecast, though downside risks had been anticipated.Markets price a 7% chance of an RBA hike this month, a near coin toss for August, and around 23 bps of total tightening by year-end.Meanwhile, Geopolitical risks increased as the U.S. intercepted missile attacks in the Middle East, while Israeli strikes in Lebanon continued despite a partial ceasefire. Immediate resistance can be seen at 0.7170(38.2%fib), an upside break can trigger rise towards 0.7189(SMA 20).On the downside, immediate support is seen at 0.7104(Lower BB), a break below could take the pair towards 0.7088(50%fib).
USD/JPY: The pair edged near 160.00 a level that previously triggered official intervention and prompting renewed warnings from Japanese authorities.The yen’s weakness persists despite Japan spending ¥11.7 trillion on currency intervention between April 28 and May 27, highlighting continued pressure on the currency.The 160.00 level is widely viewed as a “line in the sand” for the Ministry of Finance, with traders increasingly alert to the possibility of FX intervention if the pair sustains moves above this threshold.Japanese authorities have begun to signal heightened concern, with intervention risk now clearly elevated. Finance Minister Katayama has indicated readiness to act if necessary, although has avoided commenting on specific FX levels. Immediate resistance can be seen at 159.74(Daily high) an upside break can trigger rise towards 160.00(Psychological level) .On the downside, immediate support is seen at 158.23(SMA 20) a break below could take the pair towards 157.78(50%fib ).
Equities Recap
European shares edged lower on Wednesday as renewed Middle East tensions and signs of stress in private markets weighed on investor sentiment, while Inditex rose after reporting a strong start to the summer season.
UK's benchmark FTSE 100 was last trading up at 0.17 percent, Germany's Dax was up by 0.38 percent, France’s CAC was up by 0.54 percent.
Commodities Recap
Gold prices dipped on ?Wednesday, weighed down by expectations that war-driven inflation will keep interest rates elevated, while investors focused on developments in the Middle East and upcoming economic data.
Spot gold fell 0.7% to $4,452.09 per ounce by 08:40 a.m. EDT (1240 GMT). U.S. gold futures slipped 0.9% to $4,480.50.
Oil prices rose ?more than 1% on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted anew and talks between Tehran and Washington showed little progress.
Brent futures were up $1.41, or 1.5%, at $97.41 a barrel at 1315 GMT, while U.S. West Texas Intermediate (WTI) crude climbed $1.39, or 1.5%, to $95.15. ?Brent and WTI hit their highest since May 27 and May 22, respectively, earlier ?in the day.