Tuesday preview: Global manufacturing and services surveys in focus
In the case of the former, economists at Barclays expect a big upward surprise with euro area services expected to have moved back into growth territory.
Consensus if forecasting that IHS Markit's euro area services Purchasing Managers' Index, which is scheduled for release at 0900 BST, will rebound from a reading of 30.5 for May to 40.5 in June.
But Barclays anticipates a recovery to 51.0, which will also suffice to push the composite PMI, which tracks both manufacturing and services, from 31.9 to 50.9.
Comparable PMIs for the UK are due out a half hour later and the median forecast from the consensus is for an improvement in the manufacturing gauge from 40.7 to 45.0 and in that for services from 29.0 to 37.5.
Stateside meanwhile, surveys for factory and tertiary activity are also expected, alongside a reading for new home sales in May.
Tuesday 23 June
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