Global PMIs and euro area unemployment amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that June manufacturing PMI figures for Norway, Sweden, the euro area (including Spain and Italy), the UK and the US are due out today and are going to be the market moving economic releases for today’s session.

Key Quotes

“The unemployment rate for the euro area in May is also due out today and we estimate it stayed at 9.3%. It is still our view that the unemployment rate will continue to fall this year as the economic recovery continues.”

“In the US, we estimate ISM manufacturing fell to 54.0 in June but regional PMIs and Markit PMI have pointed in different directions (an increase and a fall, respectively).”