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What to Watch: US PMIs Turn Next

US TSYS
  • US data kicks off at 0945ET with S&P Global US PMI figures: Mfg 48.4 est, Srvc's 54.9 est, Comp 54.3 est), particular interest after European PMI's came out softer than expected overnight (France servicer PMI 48 vs 52.1 est; Germany mfg PMI 41.0 vs. 43.5 est; EU and UK softer as well).
  • Later this afternoon, Kansas City Fed Services Activity at 1100ET.
  • Scheduled Fed speak to wrap up the week, Cleveland Fed Mester closing remarks at policy summit this afternoon at 1340ET. LINK
  • Turning to next week, ECB President Lagarde open remarks kicks of the ECB Forum on Central Banking Monday evening in Sintra, Portugal. “Macroeconomic stabilisation in a volatile inflation environment” themed event runs through Wednesday. LINK

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