US
· A gauge of U.S. manufacturing activity rose for the second straight month in June to its highest level since February 2015, putting the sector on stable footing for the second half of the year.
· The Institute for Supply Management on Friday said its index of manufacturing activity rose to 53.2 in June from 51.3 in May. A reading above 50 indicates that factory activity is expanding while a reading below 50 signals contraction.
China
· Activity in Chinese factories suffered its sharpest deterioration for four months in June, figures showed Friday, as weak demand and industrial overcapacity weighed on the world's second-largest economy.
· The private Caixin Purchasing Managers' Index of manufacturing activity came in at 48.6 in June, down from 49.2 in May, the Chinese financial magazine said in a joint statement with data compiler Markit. It was also well off the median forecast of 49.2 in a Bloomberg News poll.
· The official Purchasing Manager's Index (PMI) — which focuses on larger firms than the Caixin survey — painted a slightly more positive picture, with data for June coming in at the breakeven point of 50.0, according to the National Bureau of Statistics (NBS). The figure was slightly down from the previous two months, but matched economists' median expectations of 50.0 in a survey by Bloomberg News.
Eurozone
· The euro zone's unemployment rate fell further in May but the U.K.'s vote to leave the European Union (EU) and the knock-on effect it could have on demand, could upset the recovery. Unemployment in the euro zone stood at 10.1 percent in May, down from 10.2 percent in April.
· The unemployment level in the 19-country single currency area was the lowest since July 2011, Eurostat said.
Japan
· Job availability reached the best level in over 24 years and the unemployment ratestayed flat at 3.2 percent in May, the government said Friday, indicating that the country's labor market remains tight. The job availability ratio improved to 1.36 in May, the highest level since October 1991, the labor ministry said. That means that 136 positions were available for every 100 job-seekers.
· Core consumer prices, which exclude fresh food, fell 0.4% from a year earlier in May. It was the biggest drop since April 2013, when the BOJ under Gov. Haruhiko Kuroda kicked off a large program of monetary easing.
· Consumer confidence improved in June for a second month amid better employment conditions and relatively stable stock markets, the government said Friday. The seasonally adjusted index of sentiment among households made up of two or more people rose 0.9 points to 41.8. The survey was conducted on June 15 before the financial markets became volatile over the British vote to leave the European Union later in the month.
Source: CNBC, The Japan Times, WSJ, China Post, Phillip Securities Research (Singapore)
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