Asia Stocks Weaken on the Patient Approach to Rate Cuts usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
A look at the day ahead in European and global markets from Rae
Wee Flash Purchasing Managers Index figures in the euro
zone, the UK and the United States.
Morning Bid: PMIs to Lead as Central Banks Wait on Rates usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Flash Purchasing Managers Index (PMI) figures in the euro zone, the UK and the United States take centre stage on Thursday, and investors will be on the lookout for whether the global growth narrative is showing signs of change. Strategists at S&P Global Market Intelligence noted that after the composite PMI in the United States came in below its euro zone and UK counterparts last month, May's flash PMI numbers will be eagerly awaited to "gauge whether global growth momentum has shifted" from the U.S. to Europe. Part of that shift could get some momentum on expectations that the Bank of England (BoE) and the European Central Bank(ECB) are likely to cut rates next month, while an easing cycle in the United States is meanwhile still some time away.