Economic calendar: ISM data in spotlight

• ISM manufacturing seen higher in July

• Final manufacturing PMIs from Europe and the United States

• Focus on stimulus talks and US-China tensions

Moods on the global markets are mixed at the beginning of a new week. Equities struggle to find common direction during the Asian session. However, some weakness can be spotted as we move closer to the European cash session. Calendar is dominated by revisions to July's PMIs today but investors will also be offered US ISM manufacturing print for July. Apart from that, traders should look out for hints on US stimulus bill discussions, UK-US trade talks as well as White House actions on Chinese tech sector.

8:50 am BST - France, manufacturing PMI for July (final). Expected: 52.6. Previous: 52.3

8:55 am BST - Germany, manufacturing PMI for July (final). Expected: 50. Previous: 45.2

9:00 am BST - Euro area, manufacturing PMI for July (final). Expected: 51.1. Previous: 47.4 pts

9:30 am BST - UK, manufacturing PMI for July (final). Expected: 53.6. Previous: 50.1

2:45 pm BST - US, manufacturing PMI for July (final). Expected: 51.3. Previous: 49.8

3:00 pm BST - US, ISM manufacturing for July. Expected: 53.4. Previous: 52.6

Noteworthy US earnings releases

• Marathon Petroleum (MPC.US) - before market open

• Take-Two Interactive Software (TTWO.US) - after market close

• Clorox Company (CLX.US) - before market open

• Tyson Foods (TSN.US) - before market open