Daily
Market Color
06/20/2013
Economic
Reports & Headlines
Eurozone’s PMI composite
contracted less than expected on both the manufacturing front and services
front.
France’s Flash PMI contracted
less than expected, like the Eurozone, on both fronts. Germany’s Flash PMI was
mixed. Manufacturing disappointed by contracting more than consensus, while
services expanded more than consensus.
Retail sales in the UK, for May,
beat consensus by a wide margin on a monthly and annual basis.
On the domestic front, jobless
claims in the US rose more than expected 354k Vs 340k.
Flash manufacturing PMI in the US
for June came in slightly below consensus but still expanded, 52.2.
Existing homes sales were robust
in May by coming in at 5.18m.
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