US ISM’S SPENCE:NOT WORRIED MUCH ABOUT PRODUCTION INDEX DROP AS SEMIANNUAL SURVEY SHOWS MFG FIRMS SEE REVENUES +8.4% IN 2026 VS. +4.4% FORECAST IN DEC
US EIA CRUDE OIL INVENTORIES -3.8 MLN BARRELS IN LATEST WEEK FROM PREVIOUS WEEK (VS. -2.9 MLN BARRELS MARKETS EXPECTED)
US EIA DISTILLATES INVENTORIES +2.5 MLN BARRELS IN LATEST WEEK FROM PREVIOUS WEEK (VS. -0.7 MLN BARRELS MARKETS EXPECTED)
US EIA GASOLINE INVENTORIES -2.3 MLN BARRELS IN LATEST WEEK FROM PREVIOUS WEEK (VS. -1.0 MLN BARRELS MARKETS EXPECTED)
US ISM’S SPENCE: RECENT DROP IN CRUDE OIL PRICES TO PRE-IRAN WAR LEVELS GOOD NEWS OVERALL;WILL SEE IF US-IRAN CEASEFIRE HOLDS, WHERE OIL PRICES SETTLE
US ISM’S SPENCE TO REPORTERS: STILL CAUTIOUS ON MANUFACTURING BUSINESS OUTLOOK BUT I SEE OPTIMISM IN JUNE, SEMIANNUAL REPORTS
The ICE U.S. dollar index is up 0.1% and the greenback is steady at 162.49 yen after hitting a 40-year high of 162.83 earlier. There is speculation among traders that Japanese authorities could take advantage of U.S. holiday-thinned trade on Friday to intervene against the yen's weakness. Japanese…
MORE U.S. MAY CONSTRUCTION SPENDING: APRIL UNREVISED AT +0.4% M/M
US ISM JUNE MANUFACTURING: 34% OF SURVEY RESPONDENT COMMENTS POSITIVE, 66% NEGATIVE, WITH A 1-TO-1.9 RATIO OF POSITIVE TO NEGATIVE SENTIMENT
US ISM JUNE: AMONG NEGATIVE COMMENTS, IRAN WAR MENTIONED IN 31%, TARIFFS IN 17%; 50% MENTIONED PRICING VOLATILITY AS AN ISSUE FOR THEIR FIRMS
MORE US ISM MANUFACTURING: SURVEY RESPONDENTS SAY IRAN CONFLICT AFFECTING INPUT PRICES, MAKES FOR MORE CONSERVATIVE CAPEX DECISIONS
FED CHAIR WARSH Q&A/SINTRA: THERE WILL STILL BE A DOT PLOT FOR A SHORT TIME 'AT THE VERY LEAST;' TASK FORCE WILL DECIDE; ENDS Q&A
MORE U.S. MAY CONSTRUCTION SPENDING: MANUFACTURING -1.4% M/M
MORE US ISM MANUFACTURING: NEW EXPORT ORDERS DOWN TO 48.5 IN JUNE FROM 50.6 IN MAY
US ISM MANUFACTURING PRICES PAID INDEX 73.0 IN JUNE VS. 82.1 IN MAY, 84.6 IN APRIL
FED CHAIR WARSH Q&A/SINTRA: HOPE FOR DATA TASK FORCE THAT IN FUTURE WILL BE USING BETTER DATA, NOT RELYING SOLELY ON GOVT DATA; NEED MORE CURRENT DATA
US ISM MANUFACTURING EMPLOYMENT INDEX 49.7 IN JUNE VS. 48.6 IN MAY, 46.4 IN APRIL
US ISM MANUFACTURING INDEX 53.3 IN JUNE VS. 54.0 IN MAY, 52.7 IN APRIL (VS. 53.9 MARKETS EXPECTED FOR JUNE)
US ISM MANUFACTURING NEW ORDERS INDEX 56.0 IN JUNE VS. 56.8 IN MAY, 54.1 IN APRIL
US ISM MANUFACTURING SUPPLIER DELIVERIES INDEX 57.4 IN JUNE VS. 60.6 IN MAY, 60.6 IN APRIL
