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Europe’s manufacturing sector is the order of the day, with PMI readings for most of the Continent due to flow in throughout the morning.
And, oh, hey, did you see that thing about this guy?
Global stock markets had a strong March quarter, but finished it with a middling performance on Friday. Wall Street ended Friday’s session lower, with the S&P 500 declining 0.2 per cent.
But it has been a relatively decent start to April and the June quarter in Asia today. Japan’s Topix benchmark is up 0.5 per cent, while Hong Kong’s Hang Seng is up 0.3 per cent. Australia’s S&P/ASX 200 is down 0.1 per cent, with some weak retail sales data also weighing heavily on the Australian dollar. Mainland Chinese markets are closed for a public holiday.
A string of PMI releases are the highlight of today’s economic calendar (London times):
- 07.30: Sweden PMI
- 08.00: Norway PMI
- 08.00: Turkey CPI
- 08.15: Spain PMI
- 08.45 – 09.00: Italy, France, German PMIs
- 09.30: UK PMI