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1 Jul 2014
EZ, US PMIs eyed - RBS
FXStreet (Bali) - Later on the day, manufacturing PMIs are released across Europe and in the US, notes the RBS FX Strategy team.
Key Quotes
"Manufacturing PMIs are released across Europe, in the US, and in China. The Euro-area composite PMI is a revision of the flash estimate, which came in at 52.8 vs. 53.5 in May."
"An improvement in the US ISM manufacturing index is expected as well (RBSe 56.0). The regional measures have been mixed, though the Markit US PMI manufacturing index for June rose to its best level since March 2010."
"The employment subindex will likely garner focus ahead of US payroll employment on Friday and the prices paid index may face upside risks on the back of a rise in oil prices."
Key Quotes
"Manufacturing PMIs are released across Europe, in the US, and in China. The Euro-area composite PMI is a revision of the flash estimate, which came in at 52.8 vs. 53.5 in May."
"An improvement in the US ISM manufacturing index is expected as well (RBSe 56.0). The regional measures have been mixed, though the Markit US PMI manufacturing index for June rose to its best level since March 2010."
"The employment subindex will likely garner focus ahead of US payroll employment on Friday and the prices paid index may face upside risks on the back of a rise in oil prices."