May flash US Composite PMI held at 51.7; manufacturing surged, services softened, indicating slower overall growth.
UK unveils targeted cost-of-living aid as PMI contracts; job losses mount, confidence sinks, raising recession risks.
US S&P Global Manufacturing PMI rose to 55.3 in May, beating forecasts, signaling continued manufacturing expansion.
U.S. S&P Global Services PMI for May fell to 50.9, slightly above expansion threshold, missing 51 forecast.
S&P Global US Composite PMI rose to 51.7 in May, signaling overall business activity expanded above 50.
Pound slips versus Yen as PMI data weaken; GBP/JPY near 213.40, markets await UK sales, Japan CPI.
Oil prices slipped as Iran deal hopes rose, despite record US inventory draws and strong exports.
US dollar firms as yields rise; Fed minutes hint tightening, but inflation forecast tempers hikes; risk appetite limits gains.
Eurozone PMI drops signal weak Q2 growth, but rising input costs strain ECB; June hike likely, energy risks.
GBP/USD steadies near 1.3440 as weak UK PMI dents sterling and traders trim BoE hike expectations.
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