Economic calendar: Manufacturing PMI data in focus

• Futures point to higher opening of markets in Europe
• ISM PMI data from the US in focus

The new week of trading in global markets promises to be optimistic. The negation of the declining momentum during Friday's session on Wall Street supports today's trading on APAC markets, and thus lifts the valuations of futures contracts based on European indices. Futures based on European indices point to a higher opening of the cash session on the Old Continent. Futures based on the DAX o FTSE indices are currently priced nearly 0.4% higher on an intraday basis.

Today, investors' attention will turn to industrial PMI data from Europe and the UK, GDP data from Poland, and ISM PMI industrial data from the US.

Key macro readings of the day:

08:50 am BST - France, manufacturing PMI data for May. Forecast: 46.7. Previously: 45.3.

08:55 am BST - Germany, manufacturing PMI data for May. Forecast: 45.4. Earlier: 42.5.

09:00 am BST - Poland, GDP data for Q1. Forecast: 1.9%. Earlier: 1.0%

09:30 am BST - UK, manufacturing PMI data for May. Forecast: 51.3. Previously: 49.1.

02:30 pm BST - Canada, manufacturing PMI data for May. Forecast: 50.2. Previously: 49.4.

03:00 pm BST - USA, manufacturing ISM PMI data for May. Forecast: 49.6. Earlier: 49.2.