Investors await May flash PMI data to assess growth trends in the euro area and US after April’s services sector contraction.
May flash Purchasing Managers’ Index data for the euro area, UK, and US will be released today, offering insights into economic activity. The eurozone services PMI fell to 47.6 in April from 50.2, signaling contraction, while manufacturing remains weak.
Analysts will watch for signs of stabilization or further deterioration, particularly in services, which drove April’s decline. The US data will also be closely monitored amid mixed signals on domestic growth and inflation pressures.
Markets may react to deviations from expectations, with weak prints potentially reinforcing concerns over a slowdown in major economies.