Market Overview

Important upcoming events and publications

09:30 U.K. Services PMI is able to influence the British currency, as traders and investors will try to assess how much the uncertainty around Brexit has affected business sentiment. The Manufacturing index last week came out noticeably lower than expectations, while activity in the Construction was above forecast.

14:45 US Services PMI by Markit is interesting because of its comparation with the European business activity indices. In fact, it is the more realistic indicator to track the difference in growth rates between Europe and USA.

15:00 ISM Non-manufacturing PMI is a good indicator of US business activity, but is likely to have less impact on the markets this time, as it is published after the US employment statistics.

See the detailed Economic calendar here

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