-
European markets seen opening more or less flat
-
Non-manufacturing ISM for November at 3:00 pm
-
European PMI data revisions
European markets are seen opening more or less unchanged on Thursday. Services PMI data from European countries will be released today but readings will be mostly revisions therefore they should not have a major impact on the markets. Key readings scheduled for the afternoon are jobless claims (1:30 pm GMT) and non-manufacturing ISM index (3:00 pm GMT). Some reports surfaced saying that a Brexit deal is expected by the weekend so related headlines may also play a role in today's trading.
8:15 am GMT - Spain, services PMI for November. Expected: 36.6. Previous: 41.4
8:45 am GMT - Italy, services PMI for November. Expected: 41.3. Previous: 46.7
8:50 am GMT - France, services PMI for November (final). First release: 38
8:55 am GMT - Germany, services PMI for November (final). First release: 46.2
9:30 am GMT - UK, services PMI for November (final). First release: 45.8
10:00 am GMT - Euro area, retail sales for October. Expected: 2.7% YoY. Previous: 2.2% YoY
1:30 pm GMT - US, jobless claims. Expected: 770k. Previous: 778k
2:45 pm GMT - US, services PMI for November (final). First release: 57.7
3:00 pm GMT - US, non-manufacturing ISM for November. Expected: 56. Previous: 56.6
🔴A New Era at the Fed: Kevin Warsh Takes the Helm. US30 above 50k
Is Waller echoing Warsh's stance? Keeping rates steady but pressing ahead with balance sheet reduction?
📆Three Markets to Watch Next Week (22.05.2026)
Economic calendar (22.05.2026) US UoM final data in focus, German Ifo beats expectations