Good morning all. Here’s what’s on the docket today.
Of note we have UK construction PMI. Since its monumental rise from contraction in early 2013 to the highs in early 2014 it’s consolidated in the 60’s. The market is looking for a 5 point slide to 59.5 from 60 in May. With the manufacturing PMI showing good gains the market may be looking for something better from construction.
Final eurozone Q1 GDP is after that and unless it’s a massive surprise either way it’s likely to be a non event.
For all you kangaroo lovers RBA assistant governor Guy Debelle is speaking in London around 11 am (gmt+1)
European session data 02 07 2014