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German Business Confidence Rises More Than Expected in July
Germany's Ifo institute said its business climate index rose to 86.6 from a slightly upward-revised 85.7 in June, beating economists' forecast of 86.0 and offering some relief for the outlook at the start of the third quarter of 2026. The expectations index rebounded to its highest level since February. The improvemen…
Price at publishQQQ 693.91 / +1.41%SPY 745.07 / +0.83%World Cup and Independence Day boost services sector; U.S. July composite PMI rises to an eight-month high, though Middle East risks may weigh on recovery
U.S. business activity expanded in July at its fastest pace in eight months, as the FIFA World Cup and Independence Day holidays significantly boosted services demand, driving the composite PMI to rebound more than expected. However, alongside improving deman…
Price at publishQQQ 685.23 / -0.97%SPY 737.65 / -0.07%The U.S. ISM Services PMI declined to 54 in June, as business hiring unexpectedly rebounded and cost pressures eased to a four-month low.
The U.S. ISM Services PMI declined to 54.0 in June from 54.5, slightly below the market expectation of 54.2. Although the pace of expansion slowed, the employment index recorded its largest increase since 2024 and re-entered expansion territory, while the pri…
Price at publishQQQ 723.49 / +1.53%SPY 749.89 / +0.69%