LIBOR stands for London Interbank Offered Rate and is calculated in 10 currencies by taking the average of bids made by leading banks (usually 6 to 18 to remove outliers) for lending rates in London when lending to other banks. LIBOR rates are fundamental benchmarks for setting prices of $350 trillion of financial products. Barclays admitted traders…
73.2 vs 74.1 est/prelim CFDs & Spread Betting with Accendo Markets
BETTER: US Chicago PMI (Jun): 52.9 vs 52.3 est (May 52.7) with Employment rising to 60.4 vs May 57.0 but Prices paid falls to 54 vs 60.4 in May New Orders, Supplier Deliveries also lower CFDS & Spread Betting with Accendo Markets
IN-LINE: US Personal Income (May)0.2% MoM vs 0.2% est (prev 0.2%); IN-LINE: US Spending (May) 0.0% vs 0.0% est (prev 0.1%, R- from 0.3%) #usd IN-LINE: US Perconal Consumption Expenditure (PCE) Core (May): 0.1% MoM vs 0.2% est (prev 0.1%); 1.8% YoY vs 1.8% est (prev 1.9%) #usd IN-LINE: US PCE Deflator (May) : -0.2% MoM…
Eurozone Consumer Price Inflation Estimate (Jun) In-line: 2.4% YoY vs 2.4% est/prev CFDs & Spread Betting with Accendo Markets