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Economic data from Germany will draw interest today following a slump in factory orders. Labor market figures from the U.S and crude oil prices will also provide direction.
Following a bullish day for the majors on Tuesday, the German economy and U.S labor market data will be in focus today. Expect ADP nonfarms to have a greater influence, however.
After a particularly busy end to last week, it's a quieter start to the week, with the U.S markets closed. German factory orders will influence going into the European session, however.
It's a quiet day ahead on the Eurozone economic calendar. That leaves updates from the G7 Summit and U.S consumer sentiment figures in focus.
French Services PMI (May) Prelim German Manufacturing PMI (May) Prelim German Services PMI (May) Prelim Eurozone Manufacturing PMI (May) Prelim Eurozone Markit Composite PMI (May) Prelim Eurozone Services PMI (May) Prelim Advertisement The Majors It was a bullish end to the week for the European majors on Friday, with the DAX30 and CAC40 managing to reverse losses from earlier in the week. The CAC40 and the DAX30 rose by 1.54% and by 1.43% respectively, with the EuroStoxx600 ending the day up by 1.19%. There were no major stats from the Eurozone to provide the majors with direction at the end...