Fx Primus Rebates

Canada May Markit PMI 56.2 vs 55.5 prior

Canada May manufacturing survey – Prior was 55.5 – New orders 57.6 vs 55.7 prior – Stockpiles 53.1 vs 51.3 That’s a seven-year high for the Canadian manufacturing PMI. The rise in stockpiles may have reflected purchases ahead of tariffs, or worries about tariffs and the availability of products so this number might not be…

Fx Primus Rebates

S&P 500 rises to highest since May 24

S&P 500 rebounds from tariff worries It’s a new month, so flows are always dominant but I’m shocked that the market is so sanguine about tariffs. The EU, Canada and Mexico have announced retaliation or the intention to retaliate. The US has promised to retaliate to the retaliation.