Riyad Bank Saudi Arabia's PMI increased to 52.8 in June 2026 from 53.3 in May, marking the third consecutive month of expansion in the non-oil private sector. It also recorded the strongest growth since February, supported by a sharp rise in output amid an improvement in new business growth. New business growth accelerated to a sharp pace, the strongest since February.

Saudi Non-Oil Private Sector Growth Hits 4-Month High

Uruguay’s annual inflation rate rose to 4.25% in June 2026 from 3.77% in the prior month. The increase was driven by rises in transport costs (7.6%), education (6.8%), restaurants and hotels (6.6%), healthcare (6%), personal care and social protection (5.6%), utilities (4.9%), and information and communication (4.3%). Food costs were 2.6% higher. In contrast, prices of  clothing and footwear prices fell 5.2%. On a monthly basis, consumer prices rose 0.4%.

Uruguay Inflation Rises to 4.25%

The Ibovespa gained 0.7% to close at 174,070 on Friday as investors assessed May industrial production and June services PMI data. The S&P Global Services PMI showed the sector expanded at a slightly faster pace in June as demand improved, supporting domestically oriented stocks. Retail shares led gains, with Ultrapar rising 3.5% and Magazine Luiza advancing 4.2%. Financial stocks also moved higher, with Itaúsa adding 0.7% and B3 gaining 1%. Meanwhile, oil prices remained near pre-conflict levels amid optimism over US-Iran peace efforts, easing concerns about energy-driven inflation. Petrobras rose 0.8% despite lower crude prices after inaugurating the Pre-Salt Technology Center, a semi-industrial-scale research facility built with R$300 million in funding. Meanwhile, industrial production rose just 0.2% year-on-year in May, well below forecasts of a 1.3% increase. Investors also monitored the US decision to launch a public consultation on Brazil's trade policies and practices.

Ibovespa Rises on Stronger Services Data

The S&P/TSX Composite Index gained 0.9% to close at a record high of 35,275 on Friday, led by gold mining stocks after weaker-than-expected US jobs data boosted hopes for a more dovish Fed. Gold prices rose after US nonfarm payrolls increased by roughly half the expected amount in June. Agnico Eagle gained 2.7%, while WPM and Barrick advanced 2.6% and 2.4%, respectively. Meanwhile, BHP Group agreed to transfer its San Manuel property in Arizona to Faraday Copper (+1.1%) in exchange for a 30% stake in the Canadian miner, which is seeking to develop a copper hub around its adjacent Copper Creek project. Oil prices remained near pre-conflict levels amid optimism over US-Iran peace efforts, easing concerns about energy-driven inflation and supporting financial stocks, with Scotiabank rising 1% and Brookfield adding 1.1%. Separately, AtkinsRéalis climbed 3.6% after saying Turkey could begin formal talks on a CANDU nuclear power plant following an early reactor review later this summer.

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Saudi Non-Oil Private Sector Growth Hits 4-Month High

Uruguay Inflation Rises to 4.25%

Ibovespa Rises on Stronger Services Data

TSX Hits Record High on Gold Rally