Slowdown in economic activity in the euro zone

The economic activity in the euro zone slowed in June.
The combined index in the manufacturing sector and services in 17 countries in the euro zone dropped to 52.8 points this month, 17-month, below predictions that will drop to 53 points.
In the previous month the result was of 53.1.

The crucial day: Will the EU will fall apart in a destructive manner to the world?

The trading in most Asian markets this morning is rising and the pound strengthened slightly before the opening of the polling stations in the referendum to be held today in Britain’s on the continued membership in the EU.

US home sales at the height of the Decade

The sales of existing US homes climbed in May by 1.8%, its highest level in nearly a decade and it is an evidence to the continued demand for the US housing market.

The futures contracts on leading indices on Wall Street are signaling on a positive opening of the trading day with slight price increases, after that last night the trading in New York ended with a slight rises also.

The Fed hints: the US stock market is a bubble which swelled to big proportions

Monetary Policy Report, which was submitted to Congress last night before the semi-annual testimony of Fed Chairman Janet Yellen argued that the US stock market rose to too high levels this year.

The British pound is approaching a five-month peak against the US dollar, on expectations of the referendum to be held tomorrow in the UK.
Today the British currency rising by 0.2% against the US dollar and is trading at a rate of 1.4681 dollars to the pound.
So far this week is the best pound for the past six years, and since mid-June the currency soared by 4%.

Optimism in the European stock markets ahead of the referendum in the UK

There are gains in the European stock markets this morning, a direct continuation from yesterday as when the markets saw the sharpest daily rise in ten months.

So far this morning London rising by 0.2%, Frankfurt climbed by 0.6% and Paris adds 0.5%.

The futures contracts on Wall Street indicate price increases of up to 0.5% in the leading indexes in view of less fears regarding the departure of Britain from the European Union, and by the testimony of the Federal Reserve Governor Janet Yellen the US Congress.

The German economic confidence rose

The German economic confidence index unexpectedly jumped in June, which strengthens the optimism about Europe’s biggest economy.
Security Index research institute ZEW jumped to 19.2 points this month, compared with a level of 6.4 points in May, and far beyond the predictions that it will come to 5.1.
It was the sharpest increase in the past ten months.

The trigger that sparked the euphoria in the markets yesterday was due to a published surveys in the UK over the weekend about a majority who support remaining in the EU.
However, market analysts are warning that the markets have become too sensitive to any news related to the referendum in the UK.
If other polls today or tomorrow will publish and will vote on a renewed strengthening in supporting the exit from the union, the markets may react by sharp declines.