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What to watch

MARKET INSIGHT
  • The busy week continues today with PMI data due for release. We will receive flash PMIs from France (8:15BST), Germany (8:30BST), the Eurozone (9:00BST), UK (9:30BST) and the US (14:45BST).
  • The data will be closely watched for both any indicators of the pace of slowdown in economic activity, as well as future inflationary pressures. Recent PMI data is beginning to point to the pace of price increases slowing and any commentary in the press release regarding this will be of definite market interest.
  • The market will also continue to digest yesterday's larger-than-expected ECB hike of 50bp and the moves to less explicit guidance for the upcoming meetings. We will have the ECB's Survey of Professional Forecasters released at 9:00BST.
  • Elsewhere we will receive Canadian retail sales data today.

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