This week, the spotlight is likely to fall to the US employment report, due out on Friday, as investors try to figure out the likelihood for the Fed to end the year with a total of 4 hikes. The minutes from the latest Fed meeting will also be released. On Tuesday, both the RBA and the Riksbank are anticipated to stand pat, so focus will turn to the accompanying statements. In the UK, market participants are likely to place extra emphasis on the June PMIs.
Monday is manufacturing PMI day. During the European morning, we get the final manufacturing PMIs for June from several European nations and the Eurozone as a whole. As usual the final prints are expected to confirm the preliminary estimates. The bloc’s unemployment rate is also coming out and expectations are for the rate to have remained unchanged at 8.5%.
We get the manufacturing PMI for June from the UK as well, and expectations are for a decline to 54.1 from 54.4. At its latest policy meeting, the BoE kept interest rates unchanged via a 6-3 vote...
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