SPAIN DATA: Services PMI higher than expected but confidence lowest since Aug 20

Aug-03 07:18

Highlights from the press release:

  • "The continued expansion of Spain’s service sector was signalled by July’s survey as firms recorded another solid increase in activity and a modest rise in new business. Additional staff were again taken on, which enabled companies to broadly keep on top of overall workloads."
  • "Whilst firms indicated that underlying sales remained positive, a slump in new business from abroad – there was some indication that tourism numbers remain lower-than-usual – and growing client hesitancy in committing to new work weighed on growth."
  • "Firms signalled that upward price pressures, and a generally unstable global economic and political environment was weighing on the outlook. Fears of recession in the second half-of-the year were increasingly common. The net result was a slump in confidence to its lowest since August 2020. "

Historical bullets

AUD: Extending gains

Jul-04 07:12
  • The Aussie tests new intraday high against the USD, EUR, JPY.
  • The Dollar is also in the red against all the majors, beside the Yen and MXN.
  • AUDUSD eye 0.6869 next initially.

BUNDS: German curve leans bear steeper

Jul-04 07:07
  • German 5/30s lean bear steeper since the EU cash open.
  • Volumes are very low, with the US out on a Bank Holiday.
  • German curve is still quite short of the Friday high, which printed 68.379, steepest print since 5th January, now at 62.47.

MNI: TURKEY JUN CPI +4.95% M/M

Jul-04 07:00



  • MNI: TURKEY JUN CPI +4.95% M/M