Reply To: Traders Market Weekly: Fed and BOJ Dribble Ahead

#74649
Truman
Participant

Final May Services PMI readings from the region showed an ongoing expansion at a modest pace in most economies ahead of tomorrow’s expected 25-bps rate cut from the European Central Bank.
To that end, ECB policymaker Kazimir said that inflation is on a good trajectory.

Eurozone’s May Services PMI 53.2 (expected 53.3; last 53.3).
Germany’s May Services PMI 54.2 (expected 53.9; last 53.2)
U.K.’s May Services PMI 52.9, as expected (last 55.0)
France’s May Services PMI 49.3 (expected 49.4; last 51.3)
Italy’s May Services PMI 54.2 (expected 54.4; last 54.3)
Spain’s May Services PMI 56.9 (expected 56.5; last 56.2)