Market Update

This morning indexes around the world are lacking direction. All markets are trading flat.

UK 100 down -4 points
DAX 30 down -4.7 points

Nasdaq 100 Up 1 point
Wall street Up 1 point

Nikkei 225 Up 5 points
Australia 200 Up 7 points

European unemployment rose in May and the manufacturing sector continue its slowdown. Markets will be expecting the ECB rates decision later this week. The US construction spending rose by 0.9pct in May but manufacturing drop in June raising concerns over US recovery.

In Asia Japanese manufacturers are more optimistic while Chinese manufacturing keeps growing at its slowest pace.

Economic activity around the world shows a mixed result, while not encouraging, it could be the beginning of a positive trend for the second half of the year.

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