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A mixed set of PMIs

BUNDS
  • A mixed set of PMIs in Europe, Spain beat expectation and Germany was revised higher.
  • Italy missed and France was revised lower, while EU saw a 1 tenth lower revisions.
  • Bund saw a 13 ticks two way price action throughout the releases, with the main attention today falling on the US ISM services and price paid.
  • US ADP can always provide some algo flow, but the former is at the forefront today's session.
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  • A mixed set of PMIs in Europe, Spain beat expectation and Germany was revised higher.
  • Italy missed and France was revised lower, while EU saw a 1 tenth lower revisions.
  • Bund saw a 13 ticks two way price action throughout the releases, with the main attention today falling on the US ISM services and price paid.
  • US ADP can always provide some algo flow, but the former is at the forefront today's session.