Summary:
- British manufacturing PMI should be to the most eagerly watched release before noon
- Final PMIs from Europe and first readings from Spain/Italy
- US manufacturing ISM to give the first glimpse ahead of NFP
9:30 am BST - UK manufacturing PMI for June: The consensus points to 49.5 points compared to 49.4 points seen in May. Regardless of what we’ll be offered keep in mind that Brexit-related developments along with those surrounding a new PM post ought to set sentiment around the British pound. In addition to this, we will also know final PMIs from France, Germany and the Eurozone as well as the first ones from Spain or Italy (some declines are expected).
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Create account Try a demo Download mobile app Download mobile app3:00 pm BST - US manufacturing ISM for June: ISM surveys are often considered as the first signal ahead of employment reports from the United States. This time the broad index is expected to have slipped to 51 from 52.1 with slight deteriorations in new orders and prices paid. At the same time, we will also be offered construction spending for May where the market consensus indicated a flat reading in monthly terms.
(tentative) - OPEC meeting kicks off today, a final communique should be released tomorrow
5:30 am BST (Tuesday) - RBA rate decision with the consensus pointing to a rate cut by 25bps to 1%
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