Finalized Manufacturing PMI numbers for France, Germany, and the Eurozone will garner investor interest on Thursday. Revisions to preliminary figures for April could move the dial.
Beyond the numbers, investors should monitor ECB chatter. Views on inflation, the economic outlook, and the timeline for interest rate cuts need consideration.
The Pound
On Wednesday, UK manufacturing sector PMI numbers will put the Pound in focus.
While the manufacturing sector accounts for less than 30% of the UK economy, the PMIs could reflect the demand environment. Downward revisions to the preliminary April survey could pressure the Pound.
UK house price trends could also move the dial. A continued decline in house prices could impact consumer confidence and spending. Downward trends in consumer spending may dampen demand-driven inflation.
On Friday, the all-important Services PMI…
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