The market participants are looking forward to U.K. parliamentary election and the ECB policy meeting on Thursday. The Reserve Bank of Australia kept its interest rate unchanged as expected and the Australian dollar remained indifferent.
Euro Mixed Despite Slightly Better Services PMI
The single currency has been traded mixed the first day of the week, despite the better than expected Markit PMIs released yesterday. In Germany, both services and composite indicators picked up above market expectations, while in Euro area, services PMI printed 56.3 marginally above expectations of 56.2, but composite PMI came in line with forecasts at 56.8. Later today, Eurozone’s retail sales for April and sentix investor confidence for June will be released...
Read the full daily market report on JFD Research.