North American Morning Briefing: Stock Futures Waver After S&P 500 Record morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Deficit to -USD 85.2 billion, from a previous -
USD 92.0 billion. US Personal Income in May was at
-13.1%, beating median forecasts at -14.2%. Chicago’s PMI rose
to 75.2 from
67.9.
EUR/USD – The Euro initially slid to an overnight low at 1.21326 in early trade following the release of the US PCE inflation report. Other US economic reports were mixed and saw the single currency rally to close at 1.2190, near its overnight high but little changed from Friday’s 1.2197.
GBP/USD – Sterling, like the Euro dipped to 1.41361 overnight low before lifting toward the close of trade to a 1.4190 finish, from 1.4200 in early Friday. The Pound, like the Euro closed near its overnight peak (1.42056).
Wall Street stocks shrugged off higher-than-expected core PCE inflation data. The Russell 2000 retreated as AMC Entertainment pulled back. Asia-Pacific investors are eyeing Chinese PMI today.