After fluctuating quite a bit last week against the euro, the pound heads into July in a similar place to this time last Monday and 0.34% up on the month. Against the US dollar, the pound’s performance has been quite steady and it is currently trading close to 1.80% higher than this time last month.
After hitting the $3 trillion mark in January 2023, Apple shares have continued to rally. Last week the multinational tech giant reported shares have gained around 48% so far this year.
US personal income expenditure index rose by 0.3% in May, matching market expectations and easing from the 0.4% increase the previous month.
US stocks ended the final day of Quarter 2 on a high. The Dow Jones rose around 200 points, while the S&P and the Nasdaq gained 0.8% and 1% respectively.
On Friday, gold fell in value, nearing in on the three-month low of €1,907 touched on June 28th.
The Canadian economy expanded in May by 0.4%. This was largely driven by success in the manufacturing and wholesale sectors.
This week’s focus across the pond will be on the ISM manufacturing and services PMI on Monday, which will be shortly followed by the FOMC minutes on Wednesday, and various payrolls and employment data on Friday.
Economists await additional global manufacturing PMI for Spain, Italy and Brazil, while the spotlight for investors include the Australian interest rate decision on Tuesday and Canadian employment data on Friday.
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