Market insights

Global Services and Manufacturing Data Ahead

After a relatively quiet week for scheduled news we might see a bit of volatility today.

Throughout the day the global services, manufacturing and composite PMI numbers are reported.

This is a good indication of the global economy.

A median reading is 50. Above that is seen as positive and below is negative.

The general consensus is for readings of 50+ around the world.

This could be the catalyst required in an otherwise turgid week.

In amongst the data is the Bank of Canadas interest rate decision where a 25 point cut to 4.5% is expected.

Business news centres on competitive mortgage rates as the Nationwide offers the first sub 4% deal on a 5 year fixed term.

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Economic calendar

EUR: 09:00 Services and Manufacturing PMI

UK: 09:30 Services and Manufacturing PMI

CAN: 14:45 BoC Interest Rate Decision

US: 14:45 Services and Manufacturing PMI

As ever we look forward to keeping you in the loop and look out for our next update.

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