Euro Area PMI lifts above estimates

[Euro Currency Symbol in Frankfurt, Germany Financial District] Schroptschop Composite PMI In the Euro Area increased to 50 points in June from 48.50 points in May, beating forecast of 49.5. Services PMI In the Euro Area increased to 49.40 points in June from 47.70 points in May, above estimates of 48.9. "An easing of downturn in eurozone service sector business activity during June is welcome news and, in conjunction with manufacturing growth, means the wider economy has stabilised after two months of falling output," said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. MORE ON EURO AREA * U.S. Hiring Slows Sharply In June, Unemployment Rate Ticks Down To 4.2%; EUR/USD Technical Analysis [https://seekingalpha.com/article/4919628-us-hiring-slows-sharply-in-june-unemployment-rate-ticks-down-to-4-2-percent-eur-usd-technical-analysis] * The U.S. Labor Market Is Losing Momentum - As Is The USD [https://seekingalpha.com/article/4919563-us-labor-market-losing-momentum-as-is-usd] * Macro Insights: H2 Outlook, A Hawk-Eyed Fed, And The AI TAM Contraction [https://seekingalpha.com/article/4919201-macro-insights-h2-outlook-a-hawk-eyed-fed-and-the-ai-tam-contraction] * Eurozone unemployment rate holds steady at 6.2% in May [https://seekingalpha.com/news/4609557-eurozone-unemployment-rate-holds-steady-at-62-in-may] * Europe markets in green as risk appetite lifts [https://seekingalpha.com/news/4609542-europe-markets-in-green-as-risk-appetite-lifts]