Morning Bites

🌏 Global manufacturing PMIs were generally strong in June. The Eurozone Markit Manufacturing PMI printed 51.4 last month (vs. 51.6 in May), while the US ISM Manufacturing PMI slid to 53.3 (vs. 54.0 earlier)

🇨🇳 The official NBS Manufacturing PMI in China inched up to 50.3 (from 50.0 a month ago). Meanwhile, the Caixin China Manufacturing PMI remained broadly unchanged at 51.7 (vs. 51.8 seen earlier)

🇮🇳 India’s manufacturing 54.2 remains one of the strongest indicators among the world's key economies

❗️Overall, manufacturing PMI readings in every major region were in positive (above 50.0) zone in June: this could be a positive sign for local industrial metals demand, if the trend persists, we think. At the same time, India remains the standout with continuously robust PMI figures

#PMIs