Eurozone focus will be on the PMI figures for June – Danske Bank

Research Team at Danske Bank, suggests that in the euro area the main focus will be on the PMI figures for June.

Key Quotes

“The manufacturing PMI is expected to have declined again in June. The service PMI increased in May but service business expectations showed weakness and the rising oil price since the start of 2016 is expected to impose a dampening effect on the domestic-driven service PMI for June.

We expect Norges Bank to keep rates unchanged today but to keep an easing bias by indicating a rate cut during the autumn.”