An eventful week lies ahead, culminating in the introduction of US and Chinese tariffs and the US jobs report on Friday and in addition today, we will also get final manufacturing PMI readings for the euro area, including first readings for Spain and Italy, points out the research team at Danske Bank.
Key Quotes
“In the US, ISM manufacturing for June is being released today. Indicators for general activity and new orders fell this month, supporting our view that the US manufacturing indices should move lower in the next 3-6M. Based on the regional PMIs and Markit PMI manufacturing, we expect ISM for June to remain unchanged.”
“In the Scandies, PMI manufacturing figures are also due out for June in Sweden and Norway. The main event this week will be the Riksbank meeting tomorrow.”
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