-
Markets seem cautious at the beginning of a new week
-
ISM manufacturing to be release in the afternoon
-
No DAX cash session due to Whit Monday holiday
Stocks in Asia gained during today's session but moods elsewhere are rather cautious. As it is usually the case for Mondays, there is not much data scheduled for release with ISM being the only noteworthy print (European PMIs are revisions mostly). Moreover, France, Germany and some other EU countries are observing holiday today therefore liquidity may be thinner and DAX cash session will not be held.
Two topics worth watching are China-US relations and riots in the United States. Trump refrained from announcing major actions against China on Friday providing some relief to nervous investors. However, riots in US cities are escalating with looting and arsoning taking place. In case the situation prolongs, significant damage to the US economy will be made and quick post-Covid recovery would be put under question.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appData scheduled for release today:
8:15 am BST - Spain, manufacturing PMI for May. Expected: 38 pts. Previous: 30.8 pts
8:45 am BST - Italy, manufacturing PMI for May. First release: 37.1 pts. Previous: 31.1 pts
8:50 am BST - France, manufacturing PMI for May (final). First release: 40.3 pts
8:55 am BST - Germany, manufacturing PMI for May (final). First release: 36.8 pts
9:00 am BST - Euro area, manufacturing PMI for May (final). First release: 39.5 pts
9:30 am BST - UK, manufacturing PMI for May (final). First release: 40.6 pts
2:45 pm BST - US, manufacturing PMI for May (final). First release: 39.8 pts
3:00 pm BST - US, ISM manufacturing for May. Expected: 43.5 pts. Previous: 41.5 pts
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
