Market movers today
Today, the June manufacturing PMI figures for Norway, Sweden, the euro area (including Spain and Italy), the UK and the US are due out.
The unemployment rate for the euro area in May is also due out today and we estimate it stayed at 9.3%. It is still our view that the unemployment rate will continue to fall this year as the economic recovery continues.
In the US, we estimate ISM manufacturing fell to 54.0 in June but regional PMIs and Markit PMI have pointed in different directions (an increase and a fall, respectively).
Tomorrow in Sweden, we expect the Riksbank to stay on hold but remove its small cut probability in the updated rate path.
To read the entire report Please click on the pdf File Below: