EUR/USD
1.18002
0.017%
Gold
3353.16
-0.113%
Oil
66.021
-1.046%
USD/JPY
143.881
0.163%
GBP/USD
1.36552
0.147%
GBP/JPY
196.476
0.360%
Real-time News
The final value of the Eurozones composite PMI in June was 50.6, in line with expectations of 50.2 and the previous value of 50.2.July 3, Wall Street short position tracking agency S3 Partners latest research report shows that despite the strong rebound of the US stock market after a 25% plunge this year, the short positions of the S&P 500 and Nasdaq 100 have continued to rise steadily this year. Researchers pointed out that this increase in short positions in sync with the rising market may reflect that investors are adopting a "contrarian strategy" - shorting at highs to hedge risks, or expressing doubts about the sustainability of the recovery. Specific data show that the proportion of short positions in the S&P 500 index to outstanding shares has climbed from 5.4% at the beginning of the year to above 5.8%, and the short position ratio of the Nasdaq 100 index has expanded from less than 5.2% to about 6.1%. It is worth noting that although the S&P 500 index has hit new highs recently, as of Wednesday, the cumulative increase this year is only 6%, far lower than the average increase of 15%-20% in major global markets. S3 specifically emphasized: "Among the major global stock indices, only a few have performed worse than the S&P 500 index, causing its increase to lag significantly behind the global average."Germanys final composite PMI for June was 50.4, in line with expectations and the previous value of 50.4.Germanys final services PMI for June was 49.7, in line with expectations of 49.4 and the previous value of 49.4.July 3, a survey released on Thursday showed that the French service industry showed signs of stabilization in June, with the pace of contraction of business activity falling to the lowest level in nine months. The final value of the HCOB French service industry PMI in June rose to 49.6 from 48.9 in May, indicating that activity in the industry decreased only slightly. The final value was higher than the initial value of 48.7 points. Jonas Feldhusen, a junior economist at Hamburg Commercial Bank, said the survey showed that new export orders grew and business confidence increased, although uncertainty about US President Trumps tariffs could weigh on market sentiment. Business confidence among French service providers improved significantly in June. Easing inflationary pressures and loose monetary policy will support household consumption and business investment in the coming year.
