The UK manufacturing output fell in May by 0.5%.
However, it turns out that during the three months before the UK decision to exit the EU, the output grew at the fastest pace in six years.
Between March to May the output increased by 1.9%.

The European markets are rising this morning.
London rising by 1.1%, Frankfurt rising by 1%, Paris jumped by 1.3%.

The international rating agency Standard & Poor’s lowered its forecast for Australia’s credit rating to AAA with a negative outlook.
The previous level was of AAA with a stable outlook.

The protocol of the meeting of the Conference of the open market of the Federal Reserve (FOMC) reveals the concerns of the committee members from adverse developments in the global economy and in the US due to the exit of the UK from the EU, therefore decided to delay rate hikes until clarifications are received.

The US trade deficit widened by 10% in May to 41.1 billion dollars, a record of three months, compared with a deficit of 37.4 billion dollars in April.
The early forecast was even bigger, a deficit of 42.2 billion dollars.

Fear Factor in the Forex market: The pound continues to deteriorate, the dollar jumps.

So far today the British currency retreated by 0.6% against the US dollar to a price level of 1.29 dollar to the pound , a low of 31 years.

The trading on the European exchanges this morning is traded with declines, for the third consecutive day.
London decreasing by 0.3%, Frankfurt decreasing by 0.8%, Paris retreated 0.9%.

There is a negative trend in  New York, a sharp declines in the oil prices, also at the banks and airlines stocks.

The level of US factory orders fell in May by 1% , much more than the expected drop of 0.5% and after an increase of 1.9% in April.

Forex market, at this time, the pound fell against the US dollar by 1% and is trading at the price level of 1.3156.
The Euro rising by 0.1% against the US dollar and was trading at a price level of 1.1163.