Forex Marketz Daily Forex News – Fully Markets Update
The European equity and financial markets are set to ring the opening bell lower on Thursday ahead of key Eurozone economic data.
On the economic calendar, the European Union will publish monthly flash purchasing manager’s indices, manufacturing and services, (PMI) data. This data is for the month of May.
The European benchmark in London, the FTSE is seen opening down 31 points. In France, the CAC 40 is seen opening 35 points lower and in Germany, the DAX is seen opening down 86 points.
The FTSE MIB is seen opening lower by 150 points at 17,019 when the bell rings today.
European Traders wait on Key Flash PMI Data
Traders in the European Union are waiting on flash purchasing manager’s index (PMI) data to be released around the opening bell. Later today, the United Stated will also publish their flash purchasing manager’s index (PMI), manufacturing and services for May.
The United Kingdom is also releasing their flash purchasing manager’s index (PMI) and Canada is releasing their private ADP payroll change for May. The United States will publish weekly unemployment claims and continuing claims data as well as the Philadelphia manufacturing index, for last month.
Traders Digest continuing Covid-19 News
The World Health Organization (WHO) said the number of newly-reported coronavirus cases, around the world, hit a daily record this week. This comes as various nations are looking to ease lockdown restrictions and reopen their economies.
The global economy has been virtually shuttered since March to try and contain the spread of the Covid-19 pandemic.
Trader sentiment had been boosted earlier this week after Moderna announced a positive development for a potential coronavirus vaccine.
The company responded, yesterday to STAT News that their data might have flaws by saying that their data was sound and did not reflect the “reality” that STAT reported.
