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KSC Fed: service sector growth accelerated in May with all indicators showing at least minor improvement except access to credit; inflation continues compressing margins as input costs rise faster than selling prices: https://t.co/vH0Y3y4l5l
India flash PMI looks like a rocket sled on rails: exports rose at fastest rate ever as composite output had one of its best readings on record and job growth was fastest in a year and a half; one fly in the ointment was price increases in manufacturing, which shot higher: https://t.co/4QRQJHRUTp
Germany flash composite PMI indicates overall growth for the second month in a row as both manufacturing and service sectors improve, though manufacturing remains in contraction, where liquidation efforts are putting downward pressure on inflation: https://t.co/toBWnHn1Os
The US Composite PMI for May surged to 54.4, the highest level in over two years, with the manufacturing composite rising to 50.9 and services business activity rebounding to 54.8. This unexpected strength in PMI led to a reversal in the USD and caused stocks to decline. Additionally, the Japanese Yen weakened beyond the 157 level against the US Dollar.