Wednesday
The first thing to consider on Wednesday is a final composite PMI for the eurozone which is expected to rise to 52.1 from 51.8. The consensus suggests the opposite for the British composite PMI. It could have declined to 50.6 from 51.0. The same indicator for the US is likely to slip to 50.7 from 50.9. On the plus side, the ADP payroll processor may reveal solid employment growth of 150,000 new jobs in June, much stronger than 27,000 new jobs a month earlier. Such data looks good ahead of the government nonfarm payrolls which are due on Friday.
The first thing to consider on Wednesday is a final composite PMI for the eurozone which is expected to rise to 52.1 from 51.8. The consensus suggests the opposite for the British composite PMI. It could have declined to 50.6 from 51.0. The same indicator for the US is likely to slip to 50.7 from 50.9. On the plus side, the ADP payroll processor may reveal solid employment growth of 150,000 new jobs in June, much stronger than 27,000 new jobs a month earlier. Such data looks good ahead of the government nonfarm payrolls which are due on Friday.