Summary:
- UK construction PMI will be released before noon
- Manufacturing PMI for Canada for June seems to be the sole reading of note this afternoon
- Some central bankers on the agenda as well
9:30 am BST - UK construction PMI for June: PMI for UK manufacturing for June disappointed investors on Monday, thus one should be prepared for a possible sub-par value from construction today too. Although both indices are less important compared to services PMI, they may suggest the UK economy is unlikely to experience a significant rebound in the near-term. The consensus for today indicates at 49.2 points compared to 48.6 points in May.
10:00 am BST - EMU PPI for May: The median estimate suggests 1.7% YoY, down from 2.6% YoY seen in April
2:30 pm BST - Canadian manufacturing PMI (Markit) for June: Macroeconomic releases from Canada have been quite promising compared with expectations and much better compared with those from the neighbouring United States (based on economic surprise indices). If this trend is to be remained, today’s PMI for manufacturing should come in above the previous value (no consensus is determined).
Central bankers’ speeches:
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9:30 am BST - ECB’s Knot
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10:30 am BST - RBA’s Lowe
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11:35 am BST - Fed’s Williams
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3:05 pm BST - BoE’s Carney
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4:00 pm BST - Fed’s Mester
